What do we want?

The banking industry wants passporting rights with the EU so that London can retain its position as the centre of EU financial services. Without those rights many companies will have to relocate to the Continent.

The Creative Industries Federation want free movement for creative talent - the industry is worth £87 billion and generates 10% of our service exports. Without free movement the talent will go elsewhere.

Farmers want seasonal migrant labour to bring in the harvest. Without the workers the crops won't be planted, or will be left to rot in the fields.

Export businesses want to keep tariff-free access to the EU - our largest external market. Without friction-free access they won't be able to compete with companies still inside the EU.

Universities want to keep their 127,000 EU students. They also want to keep the EU academics that work here - a sixth of UK academics are from other EU countries. Currently our universities are among the best in the world. If we lose international talent then our ranking will slip, and so the number of international students will fall. Currently these generate £25 billion for our economy, and contribute 14% of our universities' income. Without them our universities will have to close departments, cut facilities, and reduce research.

What do we want? We want a negotiated trade agreement and we want it soon.

What does our chief negotiator want? He wants us to prepare for 'no deal'.