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Urgent transition period agreement needed for small businesses PDF Print E-mail
Monday, 29 January 2018
Responding to today’s speech from Secretary of State for Exiting the European Union, David Davis, Mike Cherry, National Chairman at the Federation of Small Businesses, said: “The UK’s 5.7 million small businesses will be satisfied with the Government’s drive for a speedy agreement of a time-limited transition period based on the current terms of access to the EU single market and customs union.  

“It is vital that businesses have the certainty that they will only have to manage one set of rule changes as we leave the European Union. A single switch will provide firms with the time needed to adapt and prepare to new arrangements post-Brexit.

“Negotiating the future trading relationship with the EU is of critical importance with 63 per cent of small businesses seeing it as a priority market. However, many firms see the potential and growth opportunities that new trade deals with emerging markets and commonwealth nations can yield. Our research shows how the English language as the global language of trade means that English-speaking nations should be high on the priority list.

“I hope that the European Union agrees with the UK Government and gives them the freedom to be able to negotiate these new trade deals during the transition period. This will help ensure that any new trade agreements are developed robustly and include the right support which allows small businesses to access the full benefits. Every Free-Trade Agreement should include a small business chapter.”

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