Exiting the EU

Your home for all updates, news, articles and discussions following the UK's decision to leave the European Union

Statement from Jenny Stewart, CEO, Liverpool & Sefton Chambers of Commerce

"Nothing has changed for businesses. The UK is still a member of the European Union and therefore we still work under the existing rules. 

"The power to trigger Article 50 of the Treaty of Lisbon lies with the UK Government alone. The government has decided to take time to reflect on this until the question of leadership has been resolved.  The forerunners for the leadership contest at the moment are Boris Johnson, Theresa May and in his statement this morning George Osborne has not ruled himself out.

"Together with British Chambers of Commerce, Liverpool and Sefton Chambers of Commerce are asking government to act to stabilise the markets, for clarity on the next steps and for action on key projects. The big decisions – on devolution, airports, energy generation, HS2, housebuilding and more,  need to be followed through.

"It’s important that businesses continue as normal without making rash decisions based on speculation. If you are currently exporting to Europe, the International Trade team here at Liverpool and Sefton Chambers, is here to help you."


Statement from Dr Adam Marshall, Acting Director General, British Chambers of Commerce

"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.”

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