LONDON, Wednesday 8 March, 2017 – BritishAmerican Business (BAB) CEO Jeffries Briginshaw has welcomed the UK Government’s annual budget delivered today by Chancellor of the Exchequer, Philip Hammond.
Briginshaw praised the Government’s commitment to funding new technology infrastructure that will ensure the UK remains competitive in the global market place while continuing to be seen as an attractive place to live, work and invest.
Briginshaw also welcomed the Government’s moves to manage the economic turbulence currently being felt by business as a result of the UK’s decision to leave the European Union, but added that the business community would require more than assurances from the Chancellor.
BritishAmerican Business CEO Jeffries Briginshaw said:
“The investment in improving our technology infrastructure will certainly be welcomed, but what business needs is confidence in the UK’s economic outlook in the wake of Brexit.
“Businesses on both sides of the Atlantic are ambitious and optimistic about the future of the transatlantic economy, but need to know that the UK is not headed for a cliff edge scenario.
“It is key that the UK Government does everything possible to ensure that an agreement with the EU is reached. For all the efforts we will all make to take advantage of new opportunities and new markets, failure to reach an agreement before March 2019 could result in significant consequences for business.”