The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

South East: EY comments on EU Referendum result

28 June 2016
Share
Companies-default

South East businesses must use the coming months to assess the impact on trade, people and regulation, says EY.

Richard Baker, managing partner across the Thames Valley & South Coast, discusses the implications of the EU Referendum vote:

“We are now entering unchartered territory after the majority of UK voters chose to leave the European Union (EU) yesterday. It’s the first time a member state has left the union, and this means that the consequences are almost impossible to predict. 

“Above all else, it is vital that the message that the UK is open for business should not change. EY’s latest research on foreign direct investment (FDI) reveals that the UK continued to be the most attractive location for FDI in Europe last year. Businesses will need to work alongside the Government to ensure that this remains the case and to give the UK every opportunity to prosper in the future. 

“The UK will also have the opportunity to make new trade deals so it is important that key trading partners are quickly identified and negotiations accelerated. Businesses across the South East must use the next few months to assess their position in terms of trade, their people and regulation.

“One thing is certain: Brexit will result in a number of large-scale changes for UK plc – in areas such as trade, employment, regulation and government policy. Few changes are likely to happen overnight. As a result, businesses now have a prime opportunity to take proactive steps to prepare for the challenges and opportunities that lie ahead.”


Related articles

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
12
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info

Related articles