‘Brexit uncertainty is harming my business’

Rob Tanner

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Rob Tanner

"If I try to design a way to close a business like me, it will act like the government did."

Rob Tanner started a 19-year-old SEA Oxford business. He takes a European party (mostly a teacher) to tour the UK's most popular tourist hotspots like Stonehenge and Bath.

He said that in the past few years, the number of people taking tours has fallen to a fifth, which not only affects him, but also affects the coach company and host families he works with. He can't go anymore.

"Uncertainty will someday disappear, but we don't know when and when it will recover and whether EU visitors will return to their original levels."

Frustration supports all his words. Like many small businessmen, he wanted to be quick and make decisions. But it was too late for his business.

He said uncertainty is sending customers elsewhere.

"People go to Malta and Ireland to learn English because they can't handle the details," he said.

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Small business federations said that the "extended period of uncertainty" due to political stalemate made small businesses "later than late with investment plans and low credibility."

More time for investigation

In many ways, discussions in the business world are the same as those in parliament.

According to a poll conducted by the Institute of Directors (IoD), business leaders were divided by the question of whether politicians should vote on Boris Johnson's deal.

In 655 surveys conducted between October 17 and 19, a major (55{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}) thought the MP should approve the deal, but 41{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} thought the commons should vote against it.

According to the IoD survey, companies want to avoid trading and move on to other referendums (30{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}) or general elections (24{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}).

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Concerned about the impact of the delay on the British border on fresh produce, the Food and Drink Federation welcomed the delay.

Ian Wright chief executive said he wants extra time that the deal will only be announced Thursday.

"We should not allow that the fact that the country is exhausted means sleepwalking as a mistake that could plague the UK economy for a generation," he said.

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Most business groups say they want to take no action at the end of the month without consultations leaving the European Union.

The British Chambers of Commerce said they want a "full guarantee."

But some people want to make a decision regardless of the term. According to a recent customer survey from accountant EY, the majority believe that Brexit is inevitable and "definitely clear that no transaction will be tolerated if this is necessary."

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According to Stephen Welton, CEO of the Business Growth Fund, which funds high-growth startups, the business is still a long way off.

"We are currently stuck in an increasingly circular and damaged debate," he said. "One consequence is that business investment is slowing down. We need to solve the problem urgently, and trading on it will be a catalyst."

Mark Essex, head of public policy at KPMG, agrees that sustained delays will harm the UK economy and frustrate the company.

"Investments in things like infrastructure, carbon, digital connectivity, and retail will be high. People aren't sure what the regulatory environment will be. Would you bet big on that?"

Whatever the specific sentiment of Saturday's vote, despite three years of referendum, companies still believe they were paralyzed by the council.

The desire to see the end of uncertainty has been a unified force over the last three years, and many have not clearly seen the way forward.

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