“The commitments made at today’s breakthrough summit to reinvigorate the recognition of professional qualifications is a strong success which will help promote growth, and we’re delighted the government has listened to our repeated calls on this.

“The move will give British firms and professionals, from accountants to architects, from consultants to chartered engineers, a real advantage and help boost the sector, which was singled out as one for high growth in the new UK industrial strategy.

“Skills and mobility are also key to economic growth, which is why the agreement to work towards a balanced Youth Experience Scheme is particularly promising, as it will open up opportunities for young people at a formative stage in their careers to benefit from European experience. The links fostered will benefit British business in the process.

“Our members tell us that the red tape around trade is also a drag on growth, so we’re pleased there is a desire to address this and make it easier for British companies to export their services to the EU. There is now potential for greater cooperation to further reduce administrative barriers that make it difficult for business, especially SMEs, to trade across borders.

“Today's discussions were constructive and open the door to two strong trade areas working more closely together in an independent yet mutually advantageous way. We're keen to continue working with government to help develop these opportunities through joint initiatives and relationships.”

ENDS

Notes to editors: