Business Leaders: "There Will Be No Brexit Dividend."


Business leaders join Cable in Brexit warning

Ahead of Philip Hammond’s Spring Statement, business leaders have signed a joint statement with Leader of the Liberal Democrats Vince Cable warning that the UK faces more uncertainty if Brexit proceeds.
 
Twenty business people, from a range of backgrounds, agree “Any investment which is ‘pent up’ will remain so if Brexit proceeds, during a period of protracted and acrimonious further negotiation.
 
“The Chancellor is labouring in an absurd delusion by suggesting the economy will receive any Brexit Boost. Instead, there will be a heavy price to pay for business and for citizens.
 
 “The Government’s Withdrawal Agreement leaves a panoply of crucial questions about the future trading relationship of the EU unanswered.
 
“The certainty which businesses crave can only be secured by a People’s Vote and a decision to stay in the European Union, as a leading player setting the rules rather than merely following them.
 
Leader of the Liberal Democrats Vince Cable added: 

"It is quite clear that business isn’t fooled by the idea that ‘getting on’ with Brexit would provide certainty.
 
“The only really certain outcome would be to give the public a choice between the friendless Withdrawal Agreement and remaining in the EU.
 
“Overwhelmingly – whether in public or in private – business would prefer to stay as a full members of the EU.  If the public chooses to do so in a People’s Vote, there would be a significant economic boost.
 
“Contrary to all the government tries to allege, Brexit with a deal or without will cause the economy to contract.  Brexit means a poorer country, and a less welcoming home for business investment.”



 

Notes editors:

The business leaders come from a range of backgrounds. They are: 

  1. Charlotta Campanale – Impact Investment Consultants
  2. Adam Knight – Social and Sustainable Capital
  3. Tony Harris - Angel Investor
  4. Richard Duncalf - Hervia
  5. Prof Michael Luger
  6. Richard Pym CBE - Chair Allied Irish Banks
  7. Sarah Ryan - Tech entrepreneur
  8. Martin Rimmer – Business Investor and entrepreneur
  9. Mark Pettersen – Warwick Energy
  10. Chris Bones – Good Growth
  11. Stephen Dawson - Personal capacity only
  12. Patrick Foster - Entrepreneur
  13. Richard Steer, Chairman Gleeds
  14. Philip Maskell, Director Stoneofoy
  15. Leslie Hurst, Chair Oxford Medical Simulation
  16. Timothy Cowen, Partner Preiskel and Co
  17. Tilly McAuliffe, Owner, Think Publishing
  18. Wyn Evans, MD Forty Shillings
  19. Simon Curtis, Maritime Lawyer
  20. Andrew Dixon – Arc Intercapital

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