British-Hungarian Business Council signed in London

After the UK decided to leave the European Union, most of Europe were left in a state of shock but no time has been wasted in terms of establishing deals with existing EU countries. Just last week, the British-Hungarian Business Council was agreed and signed in London at the Hungarian embassy. Currently, the UK invests heavily in Hungary and the addition of the council assures the country that the investment will continue into the future.

In all, the council contains ten founding members including BP, GlaxoSmith Kline, British Telecom, Tesco, and Provident. Currently, there are believed to be nearly 800 British companies in Hungary with nearly 50,000 employees. Originally, it was the Minister of Foreign Affairs and Trade, Peter Szijjarto, who met with Phillip Hammond, David Davis, and Boris Johnson - British Chancellor, ‘Brexit’ Minister, and Foreign Secretary respectively. From here, the council was discussed and has now been put into place.