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<p>The UK Government is committed to making the UK the best place in the world to
do business and ministers from across Government have carried out extensive engagement
on EU exit - with businesses and industry bodies from all sectors of the economy and
all regions of the UK.</p><p><strong> </strong></p><p>To make the UK the best place
to do business means fostering a high quality, stable and predictable regulatory environment.
This means the Withdrawal Bill will, so far as possible, maintain the status quo in
this regard and provide a good starting point for a deep and special partnership with
the EU. Through the Withdrawal Agreement and Implementation Bill we will legislate
for the Implementation Period. As the PM said in her Florence speech, the framework
for this strictly time-limited period, which can be agreed under Article 50, would
be the existing structure of EU rules and regulations.</p><p><strong> </strong></p><p>With
regards to the future regulatory relationship this is subject to negotiations, but
as the PM set out this should be straightforward in areas where regulation is outside
the scope of our trade and economic relations. But there will be areas which do affect
our economic relations where we and our European friends may have different goals;
or where we share the same goals but want to achieve them through different means.
This is where we recognise that the single market is built on a balance of rights
and obligations, and so our task is to find a new framework that allows for a close
economic partnership but holds those rights and obligations in a new and different
balance.</p><p><strong> </strong></p><p>As negotiations progress, we will continue
to seek the input of businesses across a range of issues, including on the subject
of rules and regulatory differences between the EU and UK.</p>
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