LCCI reaction on Brexit day

Friday 31 January 2020

Peter Bishop, LCCI Chief Executive, said:

“Whilst our data from over 500 London businesses shows that domestic and export demand dropped at the end of 2019, the election result combined with the transition period being in place has seen the year start with increased business confidence.

But it’s vital that the UK builds on this by striking the right onward trading agreement with the EU – our largest trading partner.

As the Prime Minister has said today – this is not the end but a beginning. And he’s right, as there’s a long road still ahead and despite the opportunity a lot remains uncertain and the economic impacts of uncertainty that we’ve seen over recent years may return as we near the end of the 2020 transition period.

For the UK and London to thrive post-Brexit the right onward deal with the EU is imperative, and as we leave the EU today the capital’s businesses are willing and supporting the Government to secure that deal.”

ENDS

Media contact:
Steven Reilly-Hii
T: +44 (0)207 203 1897                     
M: +44 (0)7827 241528
E: sreilly-hii@londonchamber.co.uk