David Davis has promised to give businesses a say on Brexit

Helen Cahill
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Davis has been talking to business leaders this afternoon (Source: Getty)

Brexit secretary David Davis has promised top chief executives he will give UK businesses are bigger say in the Brexit process.

Speaking at the Times' CEO summit, Davis said he was going to "intensify" his dialogue with businesses over Brexit negotiations.

He also indicated the UK will seek a transitional trade agreement with the EU and that this should be ironed out early in negotiations, the Times reported.

Read more: Insurers blast Brexit no deal as "unacceptable"

Business groups such as the British Retail Consortium have highlighted the importance of securing a transitional deal to avoid any economic shocks on the day the UK formally leaves the EU. The London Chamber of Commerce and Industry has found potential trade barriers are the top Brexit concern for the capital's businesses.

Chancellor Philip Hammond has also pushed for a transitional deal, saying in his Mansion House speech earlier this month he wanted to agree "mutually beneficial transitional arrangements" with the EU.

Despite agreeing on the need for such a deal, Davis today appeared to be at odds with Hammond, saying the Chancellor had made various statements that were "not quite consistent with each other".

Hammond has suggested the transitional period could last up to four years, whereas Davis has previously said it should take two years.

Today, however, Davis said the chancellor accepted the period will not stretch beyond the end of the current parliament.

Read more: One year on from Brexit vote, these are London companies' main concerns

Election errors

Speaking separately about the outcome of the General Election, Davis admitted the Conservative campaign was "badly designed" and that "serious mistakes were made" on issues such as social care and free school meals.

He added that the party was unable to properly promote its stance on Brexit due to terror attacks in London and Manchester.

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