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Business patience runs thin on Brexit

The British Chambers of Commerce (BCC) has published a list of 23 questions that UK businesses are asking about Brexit.

Adam Marshall, director-general of the BCC, said business patience is "reaching breaking point" as several key issues regarding the UK's departure from the EU remain unclear.

According to the BCC, ongoing uncertainty is causing a decline in business confidence and investment intentions.

It says the government has only made limited progress on 2 of the priorities listed. All others are still unclear, including questions on:

  • VAT rules for businesses importing and exporting goods
  • rules of origin for tariff rates
  • customs procedures for goods
  • regulation on the way goods are checked
  • mobility of staff between the EU and UK
  • participation in EU research and development projects after 2020.

With the UK set to leave the EU in March 2019, the BCC has warned that time is running out for the government to provide clarity on these issues.

Marshall added:

"Businesses have every right to speak out when it is clear the practical questions affecting the competitiveness of their firms and the livelihoods of millions of people remain unanswered.

"With less than 9 months go to until Brexit day [29 March 2019], we are little closer to the answers businesses need than we were the day after the referendum."

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