Brexit: Norfolk Chamber calls for action to maintain economic stability

Caroline Williams Norfolk Chamber of Commerce chief executive. Picture: ANTONY KELLY

Caroline Williams Norfolk Chamber of Commerce chief executive. Picture: ANTONY KELLY - Credit: Archant

Businesses need action to maintain economic stability, a timeline for exit and answers about how to do business during and after this transition, according to Norfolk Chamber.

Reacting to Britain's decision to leave the EU, Caroline Williams, chief executive of the Chamber, said: 'Norfolk business will want to see a detailed plan to support the economy during the coming transition period - as confidence, investment, hiring and growth would all be deeply affected by a prolonged period of uncertainty.

'If ever there were a time to ditch the straight-jacket of fiscal rules for investment in a better business infrastructure, this is it.

'The Norfolk Chamber will be working with local MPs and leaders to ensure that Norfolk business interests are taken into account.

'We will support our members as we all work through the issues and opportunities which may arise over the coming weeks and months.'

Dr Adam Marshall, British Chambers of Commerce acting director general, said: 'In the wake of the electorate's historic decision to leave the European Union, the immediate priorities for UK business are market stability and political clarity.

'Some businesspeople will be pleased with the result, and others resigned to it. Yet all companies will expect swift, decisive, and coordinated action from the government and the Bank of England to stabilise markets if trading conditions or the availability of capital change dramatically.

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'Firms across the UK want an immediate and unambiguous statement from the Prime Minister on next steps, along with a clear timeline for the UK's exit from the European Union.

'Firms want help to get Britain back to business at a time of great uncertainty. The health of the economy must be the number one priority – not the Westminster political post-mortem.'