South Wales Chamber of Commerce comment on latest Brexit votes

Commenting on the latest votes in Parliament on Brexit, Heather Myers, CEO of the South Wales Chamber of Commerce, said:

“Another day lost while the clock is ticking. Government and parliament are still going round in circles when Welsh businesses and the public urgently need answers.

“The real-world result of Westminster’s interminable wrangling is market uncertainty, stockpiling, and the diversion of staff, money and investment. For every big-ticket business announcing high-profile Brexit-related decisions, there are many more quietly making the changes they need in order to safeguard their operations in the event of a disorderly Brexit. And even more, in particular small businesses, waiting for clarity before investing scarce resource in preparations. The net result of this displacement activity and uncertainty is slow but very real damage to the economy in Wales and across the UK.

“A messy and disorderly Brexit on 29th March would cause widespread damage to businesses and communities across the country. Neither Government nor many businesses are ready for a no-deal exit in two months’ time, and it must not be allowed to happen by default.”