British Companies want Urgent Clarity about Brexit: Our Patience is On

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British Companies want Urgent Clarity about Brexit: Our Patience is On. Companies in the UK are tired of not making progress in the Brexit negotiations. The British Chambers of Commerce (BCC) warn Prime Minister Theresa May Tuesday that their patience is gone.

 

The BCC interest group published a list of 23 ‘real’ questions which, in its opinion, should be answered urgently if the United Kingdom leaves the European Union in March 2019. This concerns, for example, VAT issues, import tariffs, customs measures and all kinds of regulations, posted by Citi News.

“What goods will be subject to new procedures and be delayed at the border?” “What the EU will recognise British checks?” Will British companies be able to transfer their staff to the EU like today or not? “, There are a few concrete questions.

According to the BCC, there is still as little clarity about this like the day after the referendum, in June 2016. In recent days, several prominent players, such as Airbus and BMW, have already sounded the alarm. They warned that they are reviewing their investments in Britain and may even be relocating in the absence of a Brexit agreement.

“The companies have shown a lot of patience over the past two years,” says Adam Marshall of the British Chambers of Commerce. “But now the time is running out, and the companies are coming to a breaking point, it is time for politicians to end the squabbling and give priority to national interests.”

British government circles emphasise the concerns of the business world. “The EU is negotiating an implementation period up to December 2020, which allows companies to continue their activity with confidence, against the same conditions as today,” says a source to the British public broadcaster BBC.

Last month, the BCC lowered its growth forecasts for the British economy from 1.4 to 1.3 percent by 2018, warning that the UK economy is facing the weakest year since the financial crisis. According to the BCC, not only the uncertainty surrounding the Brexit is affecting the British economy, but also interest rate rises, trade disputes and rising oil prices.

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