Business groups respond to announcement of new Brexit deal

18 Oct 2019

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to the government's announcement of a new Brexit deal between the UK and the EU.

The new deal needs to be approved by both the UK and the European Parliaments. It will be put before the UK Parliament on 19 October.

The CBI was largely positive in regard to the new deal. Dame Carolyn Fairbairn, its Director General, said: 'If agreed by Parliament, this deal unlocks a transition period, guarantees the rights of four million citizens living abroad in the UK and EU, and opens a pathway to a new EU/UK partnership.

'It would keep trade flowing freely across the island of Ireland and, most importantly, avoid a damaging no-deal scenario.'

Meanwhile, the BCC stated that there is 'still a long way to go before businesses can plan confidently for their future'. Dr Adam Marshall, Director General of the BCC, said: 'Companies across the UK and around the world will be paying close attention to what happens next – and whether the deal agreed can secure Parliamentary support. For business, this deal may be the end of the beginning – but it is far from the beginning of the end of the Brexit process.'

The IoD urged MPs to 'keep in mind the damage a disorderly exit could cause businesses large and small'. Jonathan Geldart, Director General of the IoD, commented: 'A further extension offers no guarantees of avoiding this outcome, but if a passable deal is in touching distance then politicians on all sides should be pragmatic about giving us the time to get there.'

Register for our newsletter

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Register

Weston-super-Mare

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

01934 415022

Cheddar

Bath Street
Cheddar
Somerset
BS27 3AA

01934 743274


Home | Contact us | Accessibility | Disclaimer & Privacy Policy | Help | Site map |

© 2020 Four Fifty Partnership. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be found at auditregister.org.uk under the reference C001092613.

"four fifty partnership" is a trading name of Four Fifty Partnership Limited. Registered in England. Company Number 5032008. Registered Office 34 Boulevard, Weston super Mare, Somerset BS23 1NF.

Directors: Richard Acreman BSc CTA, Joy Boswell FCCA FCA, Peter Ison BA FCA and Nick Gravell FCCA FCA.

Professional Indemnity Insurers: Nexus Underwriting Limited 52-56 Leadenhall Street, London EC3A 2EB (Policy Number: BC6210PIA194). The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.