Brexit deal reaction: Nigel Farage says it is ‘not acceptable’ but business leaders are relieved
He added: “The most pressing concern for UK companies has been their EU staff, who have urgently needed certainty about their future in this country.
“We have grounds to hope now that our members will be able to send their employees off for the Christmas break feeling more comfortable about their status here.”
He added: “We look forward to further clarity about what the UK’s objectives are for that new relationship as well as a firm commitment on transition in the very near future.”
Adam Marshall, director general of the British Chambers of Commerce , added: “Businesses will be breathing a sigh of relief that ‘sufficient progress’ has been achieved.
“After the noise and political brinksmanship of recent days, news of a breakthrough in the negotiations will be warmly welcomed by companies across the UK.
“For business, a swift start to trade talks is crucial to upcoming investment and growth decisions.
“Companies all across the UK want absolute clarity on the long-term deal being sought, and want government to work closely with business experts to ensure that the details are right.”
“Businesses want answers on what leaving the EU will mean for regulation, customs, hiring, standards, tariffs and taxes.
“The job of the UK government and the European Commission now is to provide those answers – and do everything in their power to ensure vibrant cross-border trade between the UK and EU countries can continue.”