Campaigners are calling for the Prime Minister to cut red tape caused by Brexit as he hosts business leaders in London today.
The Government's international investment summit will gather hundreds of business leaders together in an effort to boost foreign direct investment.
During his address to the summit today, the Prime Minister is expected to pledge to cut red tape and “rip out the bureaucracy that blocks investment”.
However, a large amount of costly admin and paperwork introduced by the last Government's Brexit deal remains in place, making trade between the UK and it's largest market more difficult.
Last week a report by the Resolution Foundation found that regulatory divergence from the EU accounts for almost half of the long-term economic damage from Brexit and that closer alignment could deliver significant economic benefits particularly in high-value manufacturing.
Naomi Smith, Chief Executive of Best for Britain said,
"Cutting red tape must include the mountain that Brexit has created for almost every part of the UK economy but particularly SMEs, touring performers and export/import businesses.
"Beneficial alignment with our largest market in areas like food standards and carbon taxes will reduce costs for businesses and consumers, give confidence to investors and boost growth."