BCC comments on no-deal Brexit vote

Fri, March 15th, 2019

Commenting on the Parliamentary vote on the motion to rule out leaving the EU...

Commenting on the Parliamentary vote on the motion to rule out leaving the EU without a withdrawal agreement, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

“It’s all well and good that Parliament has said it doesn’t want a no-deal exit, but without concrete action, its gestures are meaningless for business. A messy and disorderly exit on March 29th is still a clear and present danger.

“The reality is that without action, businesses still face an uncontrolled exit that they neither want nor are ready for.

“Extending Article 50 is now a necessity, but it’s no silver bullet for businesses, many of whom fear endless uncertainty. A deadline that is continuously pushed back isn’t a deadline, it’s an invitation to cancel investment, stop hiring, or move UK operations somewhere else.

“Firms are already feeling hung out to dry. Business needs concrete action to avoid a messy and disorderly exit in 16 days, a clear timeline for what happens next, and reassurances that preparations continue for all possible outcomes.”

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