Source: Labour List UK
Ed Miliband has declared that “businesses desperately need clarity” on post-Brexit arrangements as a new report has found that almost half are not prepared for the transition period to come to an end.
Responding to the publication of a report by the Institute of Directors today, the Shadow Business Secretary has stressed it is “vital that Boris Johnson delivers the oven-ready trade deal he promised” during his general election campaign.
The research released found in its survey of company directors that 45% of all businesses were not ready for Brexit, with 24% telling the organisation that they are not sure they will be prepared by the end of the year.
Commenting on the challenge facing UK companies, Miliband said: “Businesses are experiencing extreme uncertainty, facing the pressures of the coronavirus crisis, a deep recession and the end of the transition period approaching.
“It is vital that Boris Johnson delivers the oven-ready trade deal he promised was ready and then answers the questions so many businesses are asking about the future arrangements they need to plan for.