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Patience with Brexit “Reaching Breaking Point”, Says Business Lobby

Written by: Keith Tully

Reviewed: Monday 2nd July, 2018

Brexit

Patience is “reaching breaking point” among British businesses with regard to the unfolding Brexit-related wrangling involving the UK and the EU.

That’s according to Adam Marshall, director general of the British Chambers of Commerce (BCC), who is urging politicians in Westminster to work more effectively together in the interests of the national economy and businesses across Britain.

“Over the past two years, businesses have been patient. We have supported the government’s drive to seek the best possible deal for the UK economy,” Mr Marshall said in a statement.

“We have convened all across the UK to ensure that every business community’s Brexit concerns can be heard by elected representatives and officials.

“Now, with the time running out ahead of the UK’s exit from the EU, business patience is reaching breaking point.”

The UK is scheduled to officially leave the EU in March 2019 but there remains a considerable degree of uncertainty around key issues that will go a long way towards determining what Britain’s future relationship with EU countries will be.

The BCC has highlighted a number of specific areas where it would like to see more clarity given by government so that businesses can plan for the future with a greater degree of confidence.

Key issues flagged up by the lobby group as being particularly important to its members include future customs arrangements, tariffs, the status of EU nationals currently working in the UK and taxation on goods and services.

“Businesses have every right to speak out when it is abundantly clear that the practical questions affecting the competitiveness of their firms and the livelihoods of millions of people remain unanswered,” Mr Marshall said.  

“With less than nine months go to until Brexit day, we are little closer to the answers businesses need than we were the day after the referendum.”

In recent days, the Society of Motor Manufacturers and Traders said that the UK’s departure from the EU could threaten tens of thousands of jobs within the auto industry.

Meanwhile, construction companies throughout the country are concerned at the potential damage that could be done to their operations in the coming years if their EU-born employees are not allowed to live and work in post-Brexit Britain.

Keith Tully

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Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

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