Friday 17 May 2019
David Frost, LCCI Chief Executive, said:
“I was always doubtful that cross-party talks could reach a conclusion and even more doubtful that any plausible outcome from them would have been good for the longer-term business environment in London and the UK.
There are still a number of factors at play and no doubt more will emerge - so it is vital that the time between now and 31 October is not wasted.
For example, a Conservative Party leadership election is now looking very likely, if so, we would urge it to be conducted as expeditiously as possible to avoid a further period of uncertainty into the summer and beyond.
Businesses need Parliament to find a way through, and in the meantime need continued practical help about no deal preparation – since that outcome remains a distinct possibility, and isn’t just a matter for the UK to decide upon.”
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NOTES TO EDITOR:
- London Chamber of Commerce and Industry (LCCI) is the capital’s most representative business organisation, with members ranging in size from multi-national companies to SMEs and sole traders. David Frost is available for interview and further comment.