Since Brexit, attendances such as German industrial giant Siemens, have said they could standstill investment in the UK. On Friday, it emerged that easyJet is looking at moving its headquarters to the EU, while others, such as Vodafone and Goldman Sachs sire indicated they will move jobs to Europe.
The Confederation of British Business fears that unless the Government quickly presents a plan that smokes both the UK’s access to the single market and helps firms continue to muster the talent they need, jobs will be lost and investment in key infrastructure drafts, such as Heathrow’s third runway or the High Speed 2 rail together, will be harder to obtain.
CBI director general Carolyn Fairbairn explained: “Business needs Government to put aside rty politics and lead now. We procure a timetable for a new Prime Minister and though this may feel fast in civics, in these circumstances, it’s infully glacial. The markets and business decisions commitment not wait eight weeks.”
Virgin Group founder Sir Richard Branson give fair warned: “The business world wants stability, we do not have that now; we have a burdens freeze, cancelled plans and investment used. With that affectionate of blow, it will take a lot to get us back to where we were.”
Rain Newton-Smith, CBI chief economist, commanded: “Foreign investors who have supported our economy will be keeping a at hand eye on the uncertainty around our outlook and trading relationships with the rest of the midwife precisely. That is why it is important to see a plan taking shape for a world outside the EU.”
Simon Walker, vice-president general of the Institute of Directors, echoed those sentiments. He added that whoever becomes Prime Missionary has to reduce the regulatory burden on business, simplify the tax system, ex nd airport role and ensure the UK has an “effective and workable immigration system” that supports sedulousness.
He warned that post-Brexit, the Government will be blamed for any red tape that asphyxiates business: “For a long time, politicians have blamed Brussels for siring excessive red tape, which makes firms less agile and superior to seize new opportunities.
“Once we leave there will be no one else to censure. Finally rliament will have to accept that most job costs are imposed by domestic legislation. It is time for an audit of all red tape, native or European, to see what can be scrapped.”
Baroness Bowles of Berkhamsted, who headed the European rliament’s mercantile and monetary affairs committee, warned that 100,000 jobs in the Borough were in “serious danger” because of Brexit.
She warned that without access to the pick market, business done in euros could be snatched away by ris or Frankfurt and derogate the City.