It appears that the manufacturing industry believe so. The manufacturers organisation, EEF, have recently suggested that since the result of last week’s General Election, they feel that the government should rethink their current Brexit strategy. The EEF have suggested that even before the election, companies had already started to rethink, and even alter, their business plans.
As we have discussed before in some of our previous ‘Webbo’s Comment of the Week’ posts, uncertainty and instability has been a big fear for manufacturers in relation to Brexit, and what sort of Brexit deal is going to be reached. It has been feared that EU companies are steering their plans away from the UK because of this uncertainty. If this is the case, this could create some major problems.
The EEF are hoping the Brexit deal provides access to the single market, and believe that this should be at the core of the governments Brexit settlement. Business like the EEF, and I’m sure many others, are hoping that the Brexit deal will mean that they are in a similar position as to the one they are in now.
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