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Business Groups Respond to Brexit

Business Groups Respond to Brexit

CBI Director-General, Carolyn Fairbairn, has called on the Government to act with urgency to minimise the uncertainties that affect investment decisions and slow job creation. She added that business leaders are determined to work with Government to create the right conditions and face the upcoming challenges with confidence and resilience to achieve the best possible outcomes for the country.

The Federation of Small Businesses (FSB) has also called for Government action. National Chairman Mike Cherry, said:

“FSB calls on the Government for clarity on what these decisions now mean for business, including how businesses will have access to the single market and the free movement of people and trade.

“Nearly a quarter of FSB members export, with the majority exporting to the single market. Access to the single market means access to 500 million potential consumers, more than 26 million businesses and is worth 11 trillion euros. We call on the Government for clarity on the impact to smaller firms who export wider afield through EU FTA agreements.”

Andrew Tate, president of UK insolvency trade body R3, commented:

“Leaving the EU will have a major impact on the way corporate insolvency works in the UK. The UK’s insolvency regime does not exist in a vacuum. It is entwined with rules on employment, tax, property, and more; and all of these are linked with European rules.”

“There will naturally be uncertainty for UK businesses and the decision to leave could create immediate problems for some. Businesses should seek out informed, professional, and regulated advice to help them navigate any uncertainties they encounter, and the sooner they seek advice, the more options they will have.”

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