Britain's Prime Minister Theresa May smiles during the switch on of the Christmas tree lights outside 10 Downing Street in London on December 6, 2017. / AFP / Daniel LEAL-OLIVAS
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Britain is aiming to agree with the EU on Dec. 14 to move the Brexit talks on to the second phase.Britain and the EU are working to get talks back on track this week but the chairman of one large international bank said its executives had decided to plan for the worst at a conference call on Tuesday.Around 30 percent of Britain's food and drink comes from the EU.MANUFACTURING PRESSUREMany manufacturers are unwilling to sign off on new plans until they know how Britain will trade in the future.According to the aerospace and defence trade body, ADS, some companies are considering applying to the European Aviation Safety Agency for a status that would enable them to sell in the EU if Britain was no longer a member state.Having a transition deal will allow businesses to survive the two years after Brexit by allowing them to defer any big decisions until the final parameters of Brexit are worked out, said Andrew Bonfield, finance director of National Grid and chairman of the 100 Group of finance chiefs.
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