Speaker: The Rt Hon. the Lord Hill of Oareford CBE
A week after the referendum, 50% of respondents expected a negative short-term impact on UK business. Seven weeks on, levels of negativity had halved - perhaps reflecting the realisation that little had changed, economically, in the immediate aftermath. However, fully a third of businesses believe it is still too early to say how Brexit will affect them in the long run.
The Prime Minister's announcement that Article 50 will be triggered before the end of March 2017 has added a key milestone and some welcome clarity. In the meantime, however, some business leaders appear to be adopting a 'wait and see' policy. That may be a natural response, but it would be a real concern if businesses put growth plans on hold for a period that might extend to years.
Brexit undoubtedly brings threats, but it also presents opportunities for UK business- some businesses will already be considering how to turn the situation to their advantage. We will be joined by Lord Hill to lead us in this important debate and to assess some of the key challenges and opportunities for UK business as a result of the Brexit process.
Lord Hill is a British Conservative politician and former European Commissioner for Financial Stability, Financial Services and Capital Markets Union. Hill was Leader of the House of Lords and Chancellor of the Duchy of Lancaster from 2013 to 2014. Prior to that, he served as Parliamentary Under-Secretary of State for Schools from 2010 to 2013 in the Conservative-Lib Dem Government.
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