LONDON, 24 JUNE 2016
The British people have spoken. The vote for Britain to leave the European Union opens a new phase of uncertainty with new complexities and unknowns. Many businesses will now be concerned as to how the vote will impact their activities and ambitions in the UK, particularly in regards to access to the Single Market and Freedom of Movement. But the world as we know it has not ended, contracts will continue to be performed and the rule of law applies, allowing the vast majority of business operations to continue as planned.
The strength of the UK-US economic relationship over the long term and the many aspects of the UK’s attractiveness for foreign investors all have proven that the UK can provide a business-friendly environment that serves businesses, investors and people in the UK. In any scenario the transatlantic economy will continue to be a source for opportunity.
Jeffries Briginshaw, CEO of BritishAmerican Business said:
“It is now important that the UK government steps quickly into gear to open negotiations for a new agreement with its European friends, and that it acts pragmatically and provides transparency and clarity as events unfold.
The coming months, and perhaps years, will bring uncertainty and complexity for British and American businesses invested in the UK. Ultimately, the strength of purpose, common interest and alignment, creativity and hard work of the transatlantic business community will continue to deliver the economic performance that guarantees future prosperity.
It’s time to dust off, get back to work and show the world that the UK remains open for business.”
During the coming period of uncertainty, we will be working with our Members to help them to stay ahead of events. We will be sharing their best insights and analysis, promoting their views and setting out what kind of agreement will best protect the interests of transatlantic businesses in the UK.
About BritishAmerican Business
BritishAmerican Business (BAB) is the leading transatlantic business organization, dedicated to helping companies build their businesses on both sides of the Atlantic. It incorporates the American Chamber of Commerce (UK) and the British-American Chamber of Commerce (USA), which merged in 2000 to create a single, pre-eminent transatlantic organization that support its members across the Atlantic.
For more information on BAB’s work on the topic, including fact sheets on UK/US and UK/EU trade investment, visit our EU Referendum section on our website (https://www.babinc.org/eu-referendum/)
For any inquiries, contact:
Rachel Reaney, Communications Manager
Tel: +44 (0)207 290 9888
Emanuel Adam, Head of Policy & Trade
Tel.: +44 (0)207 290 9885