Brexit’s long term impact on Norfolk businesses and the rest of the UK is still far from clear. The Prime Minister, Teresa May says “Brexit means Brexit” but what does that really mean for Norfolk businesses?
At present there are no clear answers from the Government. Chamber members are – rightly – focused on the impact of this transition on their own business models and prospects. They also want the Government and Bank of England to deliver stability of markets, clarity on the political timetable for transition, and firm action on those matters that are entirely within Westminster’s gift.
The Chamber network is working hard on behalf of our members to influence the new Department of International trade, and other Ministers, to ensure that the voice of business is clearly heard in these negotiations.
We are calling for 5 key principles to guide the work of the Government in its negotiations on Brexit – as well as any future new trade arrangement – to ensure the best possible outcome for the Norfolk business community and the rest of the UK. These key areas are:
- Trade – getting the best possible terms with the EU-27
- Labour Market – certainty on the right of their EU workforce
- EU Funding – maintain UK access to the European Investment Bank
- Regulation – short term stability
- Taxation & Customs – a clear transition period and a new UK origin model
Full details of the BCC Brexit Transition Principals can be viewed here.
Caroline Williams, Chief Executive of Norfolk Chamber said:
“The majority of Norfolk businesses will be impacted by Brexit in some way. Even if your company does not do business with EU countries, there is a high chance that you have suppliers or partners who do, so there will be a knock-on effect to your business.
“Norfolk Chamber is calling for local businesses to provide case studies and feedback on how Brexit is impacting your organisation, and whether you are having to make changes as a result of Brexit.
“This is also your chance to have your opinion heard on Brexit where it matters – send us your questions and we will ensure, through the Chamber network, they are heard by the people in Westminster who can make a difference.”
