Read James Ramsbotham, chief executive response to Theresa May’s speech.
“We can take some positives from this speech, such as the pragmatic approach to EU agencies and recognition of regulations. However, the position regarding the Customs Union concerns many Chamber members. The proposed customs arrangements will be potentially very complex to establish and burdensome for businesses to administer.
“It’s perplexing that the Prime Minister is still to prepared to say there are circumstances where she would countenance no deal, yet seemingly be willing to rule out a customs union completely.
“This speech clearly wasn’t aimed at businesses but it is high time one was because, if our members are to have confidence making investment over the next few years, they need far greater clarity on the changes they will encounter and the support that will be in place to help them adapt.”