The 24 questions on Brexit that UK firms want answered
The British Chambers of Commerce (BCC) has published 24 “real-world” questions on Brexit as it warns that businesses urgently need clarity.
The BCC is calling on the Government to “draw a line under internal political debate” and deliver clarity on the practical, detailed issues that underpin trade - or face a continued deterioration in investment intentions and confidence as the clock ticks down to the October deadline to complete the UK’s Withdrawal Agreement.
It has warned that continued uncertainty over Brexit is making it impossible for UK businesses to plan their trade following the UK’s departure from the EU. It has now published 24 “real-world” questions about Brexit that are being asked by businesses across the UK.
To date, businesses have had some assurances on the status of EU nationals in the UK workforce and on the industrial standards regime - so the BCC has given these issues an amber rating. All other issues remain red. These key issues include:
- Tax : Will businesses have to pay VAT on goods at the point of import, and will services firms need to be registered in every EU Members State where they have clients?
- Tariffs : What will Rules of Origin firms have to comply with to receive preferential tariff rates?
- Customs : Will goods will be subject to new procedures at border checkpoints?
- Regulation : Will checks on goods conducted in the UK be recognised by the EU?
- Mobility : Will businesses be able to transfer staff between the EU and the UK using the same processes as currently?
- R&D projects : Will UK businesses be able to participate in EU projects after 2020?
Adam Marshall, BCC director general, said: “Over the past two years, businesses have been patient. We have supported the Government’s drive to seek the best possible deal for the UK economy. We have given time, expertise and real-world experience to support hard-pressed civil service negotiators. We have convened all across the UK to ensure that every business community’s Brexit concerns can be heard by elected representatives and officials. Now, with the time running out ahead of the UK’s exit from the EU, business patience is reaching breaking point.
“Businesses have every right to speak out when it is abundantly clear that the practical questions affecting the competitiveness of their firms and the livelihoods of millions of people remain unanswered.”