UK manufacturers urgently need clarity on Brexit - Reuters
|Reuters is out with a piece quoting Judith Hacket, chair of the EEF manufacturer's group, who talks about the need for immediate resolution of the Brexit scenario so that manufacturing businesses have time to adapt to the changes after Brexit formally takes place in March of 2019. Hackett provided Reuters with excerpts from a speech she is slated to make to attendees of an EEF conference, which will include UK business minister Greg Clark.
Key highlights:
- Companies are still confused about what Brexit will mean for them.
- Cannot stress the urgency with which UK businesses need clarity on Brexit transition deal.
- Must avoid new trade barriers, complicated customs arrangements, or different regulatory environments.
- Government must recognize risks of 'clamping down too hard' on migrant workers from the EU.
- Companies still need access to the skills that EU workers currently provide.
- UK's domestic levy on apprenticeships has been disastrous for UK firm, easier for businesses to halt or opt out of apprenticeship programs altogether.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.