Chamber News

Business intensely frustrated by yet another delay

Business intensely frustrated by yet another delay

Responding to the Prime Minister’s statement to the House of Commons yesterday, on delaying Parliament’s ‘meaningful vote’ on the Brexit Withdrawal Agreement and Political Declaration, Suffolk Chamber of Commerce said:

“Chamber members and the wider business community are looking on with deep concern at the ongoing saga being played out in front of us, and express worry that a number of our politicians, it appears, are acting in their own interest, with the potential of little regard for the people, communities and business leaders whose livelihoods depend on the success of a solid business and trading environment here in Suffolk. In short many business leaders will be intensely frustrated by yet another delay in this drawn-out process, which impacts real-world business decisions, including investment for growth.

We are entering the final phase of the ‘process’ with just over 100 days to go until the 29 March, many businesses are already enacting contingency plans in the absence of clarity from Westminster. Even basic business planning for next year has become difficult, almost a finger in air. Without clear guidance, and clarity and clear rules to the ‘game’, how can business plan?

Our national body the British Chambers latest research is showing that in a ‘no deal’ scenario, many businesses would cut investment and recruitment, or in some cases move some of their operations elsewhere.

Therefore we again urge Government to give business clarity and precision on the UK’s future relationship with the EU and with other key trading partners. Businesses are clear that they do not want a messy and disorderly exit, yet the clock is very much ticking.

Article by Suffolk Chamber