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East Midlands Chamber News

Still questions to be answered

Commenting on the latest release of Government technical notices, which seek to advise businesses of things they should consider in the event of a no-deal Brexit, Scott Knowles, Chief Executive at the Chamber, said: “There are still a lot of questions to be answered.

 

“We can’t stress strongly enough the urgency and importance of the UK Government and the EU reaching an agreement that puts the economy first to avoid the confusion and potential significant disruption of a no-deal scenario.

 

“We are surprised and concerned, for example, that there has been no technical notice on the future status of EU nationals. All current guidance and the timetable for the rollout of the EU Settlement Scheme assumes there will be a deal and that a transition period is agreed. How the scheme might operate in a no-deal scenario hasn’t been addressed.

 

“The Government’s intention to maintain current trading relationships with countries that have an existing EU free trade agreement is laudable and shared by business. But the continuing uncertainty over what rules will apply after 29 March 2019 is a poor basis for exporters and importers to plan ahead and grow their trade.

 

“The Chamber’s risk register shows that many questions remain unanswered. Both sides must do all they can to reach a deal that works for British business.”

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