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Black Country Chamber: Uncertainty for Business After General Election Result

Corin CraneCorin Crane, Chief Executive of the Black Country Chamber of Commerce, commented on the election result: “We enter a period of more uncertainty that will do nothing to help local businesses plan and trade as we start the difficult process of trying to find clarity following a largely anti-business election campaign.

“Across the Black Country we have world class businesses of every shape and size and brilliant entrepreneurs that all want to trade, grow their business and recruit skilled and enthusiastic members of staff. We need major investment in our local infrastructure, support for our schools and providers, a clear and positive agreement at the end of the Brexit negotiations and the right sort of budgets and powers delegated to our new Mayor to help us drive regeneration forward. We hope that an early and clear collaboration can be agreed that puts the economy at the heart of its new agenda.”

Commenting on the General Election result, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: "After two long years of elections, referenda and wider uncertainty, many businesses were doing their best to ignore the noise of politics – up until today.

"The electorate's split decision generates further uncertainty for business communities, who are already grappling with currency fluctuations, rising costs, and the potential impacts of Brexit. The formation of a workable administration that can give voters and businesses confidence around economic management must be the immediate priority.

“Whilst companies have for many months done their best to screen out political noise in order to focus on their own operations, this result will prove much harder for UK businesses to ignore. The swift formation of a functioning government is essential to business confidence and our wider economic prospects.

"Businesses are adept at forming alliances and coalitions when important interests are at stake. We should expect the same of our politicians."

On the timetable for Brexit negotiations, which are scheduled to begin in less than a fortnight, Dr Marshall said: “No business would walk into a negotiation without clear objectives, an agreed starting position, and a strong negotiating team. It is hard to see how Brexit negotiations could begin without answers on these important questions.”

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