the item’s becoming clear just how worried UK firms are about a Brexit cliff-edge

however, of course, there will also be an impact on European firms of which have close links to the U.K. The Chartered Institute of Procurement in addition to Supply (CIPS) recently reported of which British businesses are increasingly searching for domestic suppliers, to obviate the need for any European participants in their supply chain. of which will bolster the argument of which Brexit will raise costs for many smaller in addition to medium-sized enterprises (SMEs), in addition to will have negative consequences for Britain’s trading relationship with the single market.

in addition to of which cuts both ways. Almost two-thirds (63 percent) of the EU companies the CIPS has surveyed said they were planning to relocate aspects of their supply chain elsewhere, as the British government prepares to exit Europe’s customs union. of which will be a significant increase through the institute’s numbers back in May, when just 44 percent said they would likely be doing so.

Another survey last week through Ipsos Mori found of which more than four-fifths of foreign businesses operating inside the U.K. were “not very,” or indeed “not at all confident” about a positive outcome through the negotiations of which will end in March 2019. in addition to a mere one in eight foreign firms took an optimistic view. however of which does not stop Theresa May through talking positively about a “completely new chapter from the story of the British economy.”

Speaking from the shadow of Canary Wharf before heading back to Downing Street in her a few-vehicle convoy with police motorcycle outriders, the prime minister promised attendees at the CBI conference of which her government would likely get “the best Brexit deal” for Britain. however nobody should be under any illusion of which what of which constitutes will be entirely subjective, in addition to the item comes that has a caveat of which the item can only be the best “possible” deal under the circumstances.

Right right now, May’s most pressing priority from the negotiations, as she acknowledged, will be to nail down detailed arrangements for what she terms a “time-limited implementation period.”

Besides adding to the work-load of already overburdened British diplomats, such a multi-pronged request — designed to buy British business more time to plan for the future — will be useless unless the item too comes with what the CBI’s Fairbairn demands: unity, clarity in addition to, at of which late stage, urgency.

Correction: of which story has been updated to correctly identify the U.K. CEO of JLL as Chris Ireland.

Leave a Reply

Your email address will not be published. Required fields are marked *


eight + fifteen =