Tim Cook

Picture copyright
PA

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

Apple’s chief govt Tim Prepare dinner met Theresa Could at Downing Road and mentioned he thought the UK could be “simply superb”‘ 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 mentioned US corporations had been delaying UK funding choices.

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

Its head of worldwide affairs, Myron Sensible, told the BBC corporations have been anxious about future commerce guidelines.

He mentioned they thought there might be new regulatory challenges as soon as the UK was not within the EU.

‘Bumps in highway’

Nevertheless, at his assembly with the prime minister, Mr Prepare dinner mentioned:”We’re an enormous believer within the UK – we predict you may be simply superb.

“Sure there might be bumps within the highway alongside the best way however the UK’s going to be superb.”

In an announcement following the assembly, Apple mentioned: “We’re proud that Apple’s innovation and progress now helps almost 300,000 jobs throughout the UK. “

Apple’s new UK headquarters might be within the redeveloped Battersea Energy Station. Final 12 months the corporate mentioned it will transfer 1,600 employees there in 2021.

Picture copyright
Getty Photos

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

‘Vested stakeholders’

Earlier the US Chamber of Commerce’s Mr Sensible advised BBC Radio 5 reside’s Wake Up To Cash: “They’re [US firms] anxious about what the transition guidelines are going to appear to be.

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

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

He added: “In fact, some firms are holding again funding to see how this performs out. That is smart.

“However there isn’t any query that Europe is a crucial a part of any firm’s worldwide technique.

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