Trafford Park

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companies have warned That food prices rise and jobs could be affected after the Chancellor vowed to end alignment with EU rules following the Escape.

Sajid Javid , Britain would not be a "ruletaker" after Brexit, urging the company to "adjust".

The Food and Drink Federation said the proposals were likely to cause food prices to rise at the end of this year.

The Confederation of British Industry, said That for many companies, the existing EU-rules, jobs would support.

The automotive, food and beverage and pharmaceutical industry, the way of the relevant EU rules would be, all in the last year, harmful.

'death-blow'

In an interview with the Financial Times, said the Chancellor of the exchequer would not deal with the manufacturer to remain prefer to be aligned with the EU support, as the companies had known, as to 2016, That the United Kingdom was about to leave the EU.

"don't know, of Course, you, the exact terms and conditions," he said.

The UK 11-month transition period begins, after it leaves the EU on the 31. January.

Mr Javid declined to specify which EU rules, he wanted to fall, but while others said, some companies would benefit from Brexit,.

He added: "It is not the orientation, we will not be a ruletaker, we will not be in the single market, and we are not in the customs Union and we will do this until the end of the year. "

Tim Rycroft, chief operating officer of the Food and Drink Federation, told BBC Radio 4 's Today programme That it sounded like the "death knell" for the smooth flow of trade with the EU.

Acknowledging That some sectors could benefit from the Leak, he said: "We also need to ensure That the government clearly understands what the consequences will be for the industry like ours, if you go ahead and change our terms and conditions. "

The Food and Drink Federation, warned of price rises at the end of the year

The Confederation of British industry (CBI) said it welcomed the Chancellor the "ambitious" vision, but said the government should not rules in the sense of an "obligation" to depart from the EU.

Carolyn Fairbairn , CBI Director-General, said That for many companies, especially in some of The Most disadvantaged regions of the United Kingdom", where the same rules would assist in maintain jobs and competitiveness.

The Society of Motor Manufacturers and Traders, said the automotive industry in the UK and the EU to be integrated as "clearly" and his priority was to avoid expensive tariffs, and other "behind The Border " barriers,"".

he said It was vital to "early sight", the judge of the plans of the government, so the companies might be your effects.

And the Chemical Industries Association, said: "The industry continues to support the regulatory alignment with our European colleagues, this is the largest single market for our products. "

the BBC's business correspondent, Katy Austin noted That The Association 's members were concentrated in the North of England , an area the government is particularly interested to see.

That the Conservative exposed promises to smooth over trade with the EU after Brexit "were now not worth paper they were written".

Analysis

By the BBC political correspondent Susana Mendonca

This is a hard sound from the Chancellor seems to be a two-pronged intention.

first, there is The Message to the point, which is, effectively the Leakage happen, so just get on with it.

has to Always be on the wrong side of the company never is familiar ground for Conservatives, but a majority of the government gives you the freedom, to, the unpleasant stuff.

It means That the Tories can now be encouraged, say some companies are suffering because of the Brexit in a way That you would have never before. And with The General elections now behind them, you can also pay little heed to the warnings from The Shadow Chancellor That no orientation could lead to food shortages and job losses.

The second motivation for this tough talk, most likely about the positioning before the trade deal is not done yet with the EU.

The rhetoric, not a "rule-taker", suggests the Conservatives want to be seen to be secure as a preparation for a tough battle with the EU, a business with no rules - if you can.

The government has not yet allocated to a future trade relationship with the EU is wrong - there are plans to do this.

During this time the UK, EU follow the rules and contribute to its budget.

Sajid Javid (right) to visit the Trafford Park Metrolink tram 'Bang for the buck'

The Chancellor also said he wanted to double the UK's annual Economic Growth of between 2 7 and 2. 8%.

The outgoing Governor of The Bank of England , Mark Carney , last week, he said That the UK trend growth was much lower, between 1 and 1. 5%.

Mr Javid said the additional growth would come from the spending on skills and infrastructure in The Midlands and the North of England - even if they do not offer as much "bang for the buck" than projects in other parts of the country.

He is also obliged to rewrite the so far in favour of public investment in places with high Economic Growth and high productivity.

uk economy, mark carney, economic growth, sajid javid, hm treasury, infrastructure, brexit

Source of news: bbc.com