BCC: Political turbulence taking real-world toll

Responding to the latest Westminster developments, Dr Adam Marshall, Director General of the British Chambers of Commerce, said:

“Businesses feel like Westminster is playing an endless game of political chess, while their futures and the health of the UK economy hang in the balance.

“Every move in this game is prompting more questions, not just amongst businesses here at home but also amongst their partners around the world. Out in the real world, continuing political turbulence is taking a toll on contracts, on investment decisions, and on business confidence. Three years on, the damage continues.

“The top priority for businesses and the economy is still to avoid a messy and disorderly exit from the EU on the 31st of October. Despite the noise, none of the events of the last few days have given businesses greater confidence that this will be achieved. Given this, it is essential for government and its agencies to further boost support for businesses through any scenario. 

“Once again, businesses will have to try their best to prepare for an unclear future as the political process goes down to the wire.”