Brexit will be toxic for UK and toxic for its businesses

Brexit will be toxic for UK and toxic for its businesses

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   November 08, 2018  
 
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Brexit will be toxic for UK and toxic for its businesses

Brexit is going to be toxic for Britain and toxic for its businesses. The deal we look like we’re getting from the government is likely to be a halfway house which pleases no one and potentially leaves business even more confused about the future than it is already.

This is why business leaders from across the UK are coming together today to back a People’s Vote. A new campaign group, Business for a People’s Vote, will publish a poll of over 1,000 business leaders which shows majority support for a vote on the final Brexit deal at all levels of the business community.

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The campaign brings together businesses of all sizes from across the UK – SMEs, entrepreneurs and big business – including mine, Nosh Detox, an award winning innovator in Europe’s health and wellness sector. We also have the entrepreneurs behind Cobra Beer, Innocent and the Reading & Leeds Festivals as well as a manufacturer of boxer shorts, the owner of a flower shop and the former bosses of Sainsbury’s and BT.

Trading relationship

The launch will be followed up by business people contacting their MPs to tell them how concerned they are about the emerging Brexit “deal”.

The key problems are that the political declaration about our future trading relationship with the EU won’t give us good access to our biggest market, won’t be legally binding and will be ambiguous. Although the divorce agreement will keep the UK in the EU’s single market and customs union for 21 months after we quit the bloc, no business can make long-term investments on the basis of only 21 months of certainty.

Brexit is already hitting investment, growth and jobs and that’s not what we were told we were voting for. The best way through this muddle is a People’s Vote. At least then we will know if the country really wants to go down this path.

Read Full Article: Brexit will be toxic for UK and toxic for its businesses

Location

Epicentre
London, UK
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Author
Geeta Sidhu-Robb
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