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Reaction to the EU Referendum Vote to Leave

13:03 24 June in Europe, Europe, the Middle East and Africa, Markets

The decision of the British people to leave the European Union is a historic decision.

Some business people will be pleased with the result and others resigned to it. Yet all companies will expect business to go on, investments and international trade to continue, markets to stabilise and leadership from Government with a clear timeline for the UK’s exit from the European Union.

Last year the value of export processed by the Chamber exceeded £1.2bn. We dealt with 155 different countries in an excess of 100,000 international trade transactions. Using this track record and experience TVCC will continue to brief business as new changes emerge, provide briefing on trade arrangement proposals and answer compliance, certification and market opportunity questions.

The Thames Valley global footprint is impressive – home to ten of the top fifty global organisations in the world and 13 of the world’s top billion dollar brands. Maintaining our position as a leading location for UK subsidiaries of international business is critical. As well as supporting existing multinationals and companies of all sizes within the supply chain, the Chamber is the go-to partner for UK Trade & Investment to support new entrants into the UKs Silicon Valley and we will continue to work with our members to promote the Thames Valley as the best place to invest in Europe.

In addition as one of the largest 52 accredited Chambers in the British Chambers of Commerce (BCC) network will also be supporting BCC in establishing answers to key questions from Government, including what might the UK reasonably expect to achieve in terms of future trade agreements from leaving the EU and over what time period? Plus will Government commit to making a decision on airport expansion without further delay?

Businesses are now facing unchartered waters, as the UK now embarks on a process which has never before been tried and tested. We want to help to get the Thames Valley back to business in a time of uncertainty and we will be developing a new campaign to monitor the pace and progress of the Government’s plans for this unprecedented transition.