Chamber response to EU Referendum result

27 Jun 2016

Business

St Helens Chamber reaction to EU Referendum result

Tracy Mawson, Director of Business Services, said:

“Following the Brexit result, our immediate concern is the effect on the UK economy and any negative impact this will have on local businesses.

“St Helens businesses have shown great resilience in the face of the last recession, and many local firms are growing. As a Chamber we will do all we can to support our Members and help them sustain growth during the months and years of potential uncertainty ahead.

“A lot of the support we currently offer for local businesses and people is part-funded by the EU, however in the short term these services will be unaffected.

“As part of the national Chamber network, we will be pushing for quick and clear answers from the Government on the key economic and practical issues that will impact on businesses, particularly maintaining access to the single market on fair terms.

“Companies with currency trading needs are encouraged to contact the Chamber to take advantage of the Moneycorp specialist broker service.”

British Chambers of Commerce (BCC) reaction to EU Referendum result

Dr Adam Marshall, BCC Acting Director General, said:

“In the wake of the electorate’s historic decision to leave the European Union, the immediate priorities for UK business are market stability and political clarity.

“Some businesspeople will be pleased with the result, and others resigned to it. Yet all companies will expect swift, decisive, and coordinated action from the government and the Bank of England to stabilise markets if trading conditions or the availability of capital change dramatically.

“Firms across the UK want an immediate and unambiguous statement from the Prime Minister on next steps, along with a clear timeline for the UK’s exit from the European Union.

“Business will also want to see a detailed plan to support the economy during the coming transition period – as confidence, investment, hiring and growth would all be deeply affected by a prolonged period of uncertainty. If ever there were a time to ditch the straight-jacket of fiscal rules for investment in a better business infrastructure, this is it.

“Businesses need action to maintain economic stability, a timeline for exit, and answers to their many practical, real-world questions about doing business during and after this historic transition.

“Firms want help to get Britain back to business at a time of great uncertainty. The health of the economy must be the number one priority – not the Westminster political post-mortem.”