Business leaders demand answers over Brexit strategy

Europe flag outside parliament

Business leaders are demanding a new direction for Brexit negotiations in reaction to the General Election.

The Federation of Small Businesses has called for a delay in the start of talks due to the political fallout.

Aston Martin has warned that future investment could be at risk without clear indications for future EU relations.

And other groups have insisted new ministers refocus their positions ahead of the start of official Brexit talks.

Few individual chief executives or companies have commented on the shock election result, with many privately waiting to see how a potential Conservative-DUP coalition is formed.

But the boss of luxury car maker Aston Martin, which has invested heavily in a new plant in Wales, spoke out.

Chief executive Andy Palmer said: “We cannot stress strongly enough the need for rapid and decisive policy direction.

“Clarity over our relationship with Europe must be established quickly together with the wider reassurance to our key trading partners that Britain remains a dynamic and thriving business environment.”

‘Delay negotiations’

Lobbying groups representing small and large organisations across the country were quick to call for a renewed focus and more specifics on Brexit.

Stephen Martin, director general of the Institute of Directors, said: “Businesses have shown in the last year that they are resilient to surprise results, but they have now been thrown into political limbo.

“Now is the time to move on from the rhetoric of the election campaign and focus on preparing for Brexit talks. The issues of access to EU markets and the need for skilled workers are still paramount.”