Tim Cook

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Expertise big Apple is “very optimistic” in regards to the UK’s future post-Brexit, its boss has advised the prime minister.

Apple’s chief government Tim Cook dinner met Theresa Might at Downing Avenue and mentioned he thought the UK could be “simply superb”‘ outdoors 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 companies had been delaying UK funding choices.

It has hundreds of members within the US, together with many giant multinationals.

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

He mentioned 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 Cook dinner mentioned:”We’re a giant believer within the UK – we predict you will be simply superb.

“Sure there will likely 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 development now helps almost 300,000 jobs throughout the UK. “

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

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Mr Cook dinner described it as an enormous headquarters and mentioned the corporate was “leaving important area there to broaden.”

‘Vested stakeholders’

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

“They’re nervous 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 could have a commerce settlement. However what we’re saying from Washington is that we will be vested stakeholders, as now we 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 smart.

“However there isn’t a 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.”