Meeting in Westminster on 31 July 2019, senior representatives
from businesses including Tate and Lyle Sugars, JML Group, Tangle
Teezer, Laing O’Rourke, Scottish Power and 50 Cycles told the
Business Secretary how they were ready and determined to seize
the opportunities of a post-Brexit Britain. They explained that
while there were some concerns about readiness for a no-deal
Brexit, none of the issues were insurmountable and that they were
keen to take up the chance to trade both with EU member states,
and countries outside the EU.
Ms Leadsom urged the businesses present to speak with their
colleagues and trade associations, to pass on the clear message
that the government stands behind them and is ready to support
efforts to prepare for Brexit. She also encouraged them to
continue their positive approach to the future, and to talk about
the opportunities that lie ahead.
Business Secretary said:
We are stepping up a gear and increasing the pace of our
preparations as we get ready to leave the EU on 31 October.
The businesses I met with agreed that we must take advantage of
the opportunities that lie ahead: in innovation,
new AI technologies, clean
growth and the extraordinary scientific advances in which
Britain is already leading the way. They also spoke about the
benefits of doing away with certain EU red tape that has a
strangle hold on productivity.
While there are challenges, business leaders were optimistic
and clear that none are insurmountable.
Our preparations for no-deal will now be more open than ever,
giving the business community the confidence to wave the flag
for Britain and to seize the myriad of opportunities that lie
ahead.
The main messages from business leaders present were:
- government should ramp up its communications to prepare for
Brexit, welcoming the forthcoming publicity campaign to get ready
to leave
- they are well prepared for Brexit on 31 October, but that
this was often not acknowledged in public debate and commentary
- they were excited about the opportunities that lie ahead
- trade with the Asian-Pacific economies
- developing renewable energy, clean growth and electric
vehicles
- boosting foreign direct investment
- attracting the best talent from around the world
- Brexit would provide an opportunity for colossal investment
and to reform regulation of emerging technology, ensuring that
Britain leads the world in big data and artificial intelligence
Ms Leadsom also met with Business Representatives Organisations
on 1 August and will continue to meet with them on a fortnightly
basis.
Keith Anderson, CEO, Scottish Power, said:
The meeting this morning with the Secretary of State was
fantastic.
It’s always great to have a government who come out and engage
with business and listen to business and want to understand
concerns and opportunities that businesses are bringing
forward.
here are always great opportunities to invest in as a business.
Ken Daly, CEO, JML, said:
The meeting this morning was very positive, very informative.
I learnt a lot from the contributions of the other people
around the table.
The general consensus was that Brexit is a great opportunity
and businesses are reasonably well prepared.
Scott Snaith, CEO, 50cycles, said:
The meeting was very good. We covered a lot of ground. A lot of
representation from all levels of business, from small to
medium to large. It was really interesting hearing from some of
the larger multi-nationals and also some of the smaller
businesses as well.
I think we can take this opportunity to solidify our
partnerships with our businesses overseas, as opposed to
looking at them as a separate entity. I know our counterparts
over in Europe are quite excited for Brexit and how we will
move forward as a business, and as a country.
Full list of attendees at the 31 July roundtable:
- Ken Daly, CEO, JML Group
- Scott Snaith, CEO, 50 Cycles
- Kevin O’Neill, General Manager, General Electric
- Dave Armstrong, Group Business Development Director, BAE
Systems
- Tom Crotty, Director, INEOS
- Keith Anderson, CEO, Scottish Power
- Tim Martin, Chairman, JD Wetherspoon
- Gerald Mason, Senior Vice President, Tate and Lyle Sugars
- Jonathan Leese, CFO, Tangle Teezer
- Jo Colman, Summerdown Mint
- Ben Hutchings, Sales and Marketing Director, Lye Cross Farm
- Madeleina Loughrey-Grant, Group Director, Legal & Tax,
Laing O’Rourke plc
See more reaction from the Secretary of State and
businesses present at the roundtable on our Twitter
feed: @beisgovuk
Tips for businesses preparing for Brexit on 31 October:
Further information: How to prepare if the uk
leaves the EU with no deal
