Tim Cook

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Expertise big Apple is “very optimistic” concerning the UK’s future post-Brexit, its boss has informed the prime minister.

Apple’s chief government Tim Prepare dinner met Theresa Might at Downing Avenue and stated he thought the UK can be “simply advantageous”‘ exterior the European Union.

The corporate plans to construct a brand new UK headquarters in London.

His feedback got here because the US Chamber of Commerce stated US corporations had been delaying UK funding choices.

It has 1000’s of members within the US, together with many massive multinationals.

Its head of worldwide affairs, Myron Good, told the BBC corporations had been fearful about future commerce guidelines.

He stated they thought there could possibly be new regulatory challenges as soon as the UK was now not within the EU.

‘Bumps in highway’

Nonetheless, at his assembly with the prime minister, Mr Prepare dinner stated:”We’re an enormous believer within the UK – we expect you will be simply advantageous.

“Sure there will probably be bumps within the highway alongside the best way however the UK’s going to be advantageous.”

In a press release following the assembly, Apple stated: “We’re proud that Apple’s innovation and progress now helps practically 300,000 jobs throughout the UK. “

Apple’s new UK headquarters will probably be within the redeveloped Battersea Energy Station. Final yr the corporate stated it will transfer 1,600 workers there in 2021.

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Mr Prepare dinner described it as an enormous headquarters and stated the corporate was “leaving vital house there to broaden.”

‘Vested stakeholders’

Earlier the US Chamber of Commerce’s Mr Good informed BBC Radio 5 reside’s Wake Up To Cash: “They’re [US firms] fearful about what the transition guidelines are going to seem like.

“They’re fearful about whether or not there are going to be new regulatory challenges, impediments, and so we will see how that performs out over the subsequent two years.

“One additionally expects that the UK-EU can have a commerce settlement. However what we’re saying from Washington is that we will be vested stakeholders, as we now have been when it comes to our companies right here.”

He added: “After all, some corporations are holding again funding to see how this performs out. That is sensible.

“However there is no such thing as a query that Europe is a crucial a part of any firm’s worldwide technique.

“And so it isn’t that they’ll pull again from Europe, however they will realign their investments, relying on how these negotiations go.”