The British Chambers of Commerce (BCC) today publishes its Quarterly Economic Survey – the UK’s largest and most authoritative private sector business survey.
BCC comments on the second reading of the Withdrawal Agreement Bill
“An end to the deadlock in Westminster will provide some relief for business– but it’s just the first step down a long road for our business communities.Getting the detail of Brexit right is far more important than simply getting it done.
“Unless a comprehensive UK-EU trade agreement is in place by the end of next year, businesses could once again face a cliff-edge – and seismic changes to trading conditions equivalent to a no-deal exit.
“Ministers must urgently consult businesses communities throughout the UK and British firms operating in Europe, to ensure that the new relationship meets real-world needs rather than short-term political objectives.
“They must also provide answers on what additional procedures – and therefore costs – businesses could face when trading between Great Britain and Northern Ireland, particularly in the unwelcome event that a new agreement cannot be reached in the next 12 months.
“Getting the next stage of Brexit right requires a real partnership with business. Confidence, investment and the prosperity of many parts of the United Kingdom depend on getting the details right in the New Year.”