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23 October 2017

FSB urges one-change Brexit transition

Responding to today’s reports about a Brexit transition period, a FSB spokesperson said:

“It is important for businesses to have the certainty that there will be a Brexit transition period before whatever new arrangements between the UK and EU are implemented. With many firms looking to future investment decisions, it is vital that a ‘standstill’ implementation period is agreed urgently.

“Small businesses would struggle to cope with more than one set of rule changes and so a single switch to the new arrangements should be made after firms have had time to adapt and prepare.

“The longer the short-term uncertainty goes on, the more difficult it will become for small businesses with EU customers or supply chains to make investment decisions.”