LCCI reaction on Brexit day

London Chamber of Commerce and industria (LCCI) reaction on Brexit day. 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.

A new beginning

As the Prime Minister has said today – (say the statement issued by LCCI) “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.”