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Business "hung out to dry" without answers to 20 no deal questions - BCC

Adam Marshall - BCC

From tariffs to customer data via staff transfers and dispute resolution.

The British Chambers of Commerce (BCC) has cranked up pressure on the May government this week, demanding answers to twenty practical critical questions in the event of the UK leaving the EU without a deal on March 29.

BCC says these unanswered questions spell out exactly what businesses need to know ahead of no deal.

The absence of clarity and precision has already stifled investment and growth, and is resulting in unnecessary costs, inability to plan and, increasingly, loss of business as customers look elsewhere, it argues.

Hung out to dry

While government agencies urge business communities to prepare for all scenarios, BCC says they are failing to give firms the tools and information needed to do so. As a result, businesses risk being left hung out to dry.

Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: "In less than 50 days, UK firms could face the biggest change to their terms of trade in over a generation, without the information and clarity they need to navigate their forward course.

"There is a very real risk that a lack of clear, actionable information from government will leave firms, their people and their communities hung out to dry.

"Even those companies trying their hardest to get ready are still in the dark on important matters from contracts through to customs. Many others, who took the decision to wait for the political process to conclude before acting, would face sudden and costly adjustments if a deal is not reached.

"It is little wonder that many firms have been holding back on investment, stockpiling, and even opening offices and moving operations and jobs elsewhere. The imperative remains to avoid a messy and disorderly exit on March 29th, but businesses need answers they can base decisions on, no matter the outcome. The lack of clear, precise answers is now causing real damage to many businesses, and to the wider economy."

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