“British businesses want to compete across the globe, and will warmly welcome the start of free trade negotiations with the United States, one of our biggest trading partners.
“We believe that a broad and deep free trade agreement between the EU and the USA could have significant benefits for the UK economy, if old barriers and protectionism on both sides can be overcome.
"UK ministers must now do two things. First, they must keep a clear eye on the national interest in these negotiations, bearing in mind Britain's existing and deep trade ties to the US. And second, they must issue some sort of 'forward guidance' to business - keeping companies, particularly would-be exporters to the US, up-to-date on when they can expect to gain easier access to the vast American market."