EU referendum reaction: Lincolnshire Chamber of Commerce calls for clear exit timeline

Lincolnshire Chamber of Commerce wants to see a clear timeline quickly developed for the UK’s exit from the European Union.

The organisation says it is important for its members and other businesses to not have a long period of uncertainty.

Chief executive Simon Beardsley said: “Following the momentous decision to leave the EU there are a number of short and longer term issues that all Chamber  of Commerce groups up and down the country will need to be involved in on behalf of our members. But the immediate priorities for UK business are market stability and political clarity.

“Things will not happen immediately, and it could take up to two years for the full exit from the EU to happen. Although having said this, the environment our members will work within during this period of transition is likely to be challenging.

“As one of the largest business organisations in Lincolnshire, Lincolnshire Chamber  has a wide range of members in a wide range of sectors, and each one will have slightly different views about the EU exit now and in the future; therefore we need to be able to clearly understand their issues and be ready to support them when needed.

“Some businesspeople will be pleased with the result, and others resigned to it. Yet all companies will expect swift, decisive, and coordinated action from the government and the Bank of England to stabilise markets if trading conditions or the availability of capital change dramatically.

“On behalf of our members, we want an unambiguous statement from the Prime Minister on next steps, along with a clear timeline for the UK’s exit from the European Union.

“Business will also want to see a detailed plan to support the economy during the coming transition period – as confidence, investment, hiring and growth would all be deeply affected by a prolonged period of uncertainty.

“The British Chamber of Commerce has posed several questions to the government on behalf of the UK wide network. The questions highlight the scope and range of issues that need to be addressed from a business perspective, and as a Chamber will be offering a clear dialogue to our members when these questions are answered.

“But it’s important to remember that the business community, locally and nationally, wants to help get Britain back to business during this time of great uncertainty. The health of the economy must be the number one priority – not the Westminster political post-mortem.”

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