Responding to the Chancellor’s comment that there will be no regulatory alignment with the EU after Brexit, reported in an interview with the Financial Times today, BCC Co-Executive Director Claire Walker said:

“Our business communities have differing views but are prepared to be pragmatic about coming changes to regulation. Uncertainty around the extent of divergence risks firms moving their production elsewhere.

“The government must clearly communicate these changes in a timely way and provide substantial support to help firms adapt. Otherwise they will struggle to make the most of new opportunities as Britain sets its own trading polices.”

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