15th November 2017.
Business Craves Certainty
The Brexit negotiations are progressing too slowly for businesses and many are experiencing “unnecessary uncertainty”, says property company, Land Securities.
Rob Noel, boss at Land Securities claims all businesses are craving certainty and many aren’t even thinking what the aftermath will be, as long as they are aware of it.
Noel’s comments are part of a survey from the Institute of Directors, who found that 46 per cent of businesses feel unable to plan ahead or consider expansion, while a deal with the European Union has not been made.
Land securities have started preparations for Brexit, and Noel admits his main aim has been to lower risk. The company has reduced debts and made sure all properties can withstand economic downturn. Noel agrees it’s not the “right time” for any speculative development or new assets.
The IoD survey found that the majority of businesses would prefer to stick with EU rules on goods and services in order to maintain trade relationships, and a further 50 per cent wanted to keep the current access to the single market to maintain business continuity.
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