Javid plans 'no panic' business meeting


Matter Secretary Sajid Javid says he will hold a meeting this week with calling leaders following the UK’s vote to leave the European Union.

Mr Javid squeaked the BBC his message to businesses was “there’s no need to be nicking”.

The UK’s economic fundamentals are zealous enough to weather any short-term market volatility, he said.

He added that the UK should not countryman into talks with the EU about its withdrawal from the bloc.

Inappropriate Secretary Philip Hammond, meanwhile, said it would be “catastrophic” if the UK vanished its access to Europe’s single market.


Mr Javid will delay the roundtable meeting with businesses on Tuesday, a spokesman for the Business Determined said.

Among the two dozen business leaders attending will be the conks of the British Chambers of Commerce, CBI and the Federation of Small Businesses.

“Now it’s a time for reassurance for firm, and my message to them ever since Friday morning is there’s no call for to be nicking at all,” he told the BBC’s Andrew Marr programme.

“We have to have a halcyon approach, which is what we’ve seen since then,” added Mr Javid, who primitive a Remain vote.

Pushed on when the UK should start the process of make the EU, Mr Javid said the UK does not need to immediately trigger Article 50, which erects a two-year deadline for a deal.


In a se rate interview, Mr Hammond symbolized there would have to be a “trade-off” between migration and access to the se rate market.

It is essential the UK protects its access to the single market, and to lose it last wishes a be “catastrophic”, the foreign secretary told ITV’s Peston on Sunday.

London’s big resources firms are looking at plans to move thousands of staff abroad if Britain transfers the single market.

The single market allows many businesses to have dealings without tariffs in the EU.

Mr Javid was also pushed on his predictions during the referendum electioneer that half a million jobs would be lost due to a Leave preference.

“I lost the argument, but we all come together to make this work for the surroundings,” he said.

Asked whether George Osborne, another Remain aficionado, had plans to resign as Chancellor of the Exchequer, Mr Javid said the chancellor had been “congregating on with his job” since the vote.

Mr Javid, a close ally of Mr Osborne, declined to remark on whether there would be an emergency budget.

Leave a Reply

Your email address will not be published.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