British business leaders at the Chambers of Commerce (BCC) and the Institute of Directors (IoD) have condemned the ongoing uncertainty regarding the future of the Brexit deal as the Prime Minister Theresa May faces a vote of no confidence from Conservatives MPs on Wednesday night in the Houses of Parliament.
The common thread from representatives of British business has focused criticism at the inward looking approach of political figures and a lack of pragmatism with regards to the economy. The head of the BCC expressed his utter dismay and says that the ongoing situations is impacting investment.
At one of the most pivotal moments for the UK economy in decades, it is unacceptable that Westminster politicians have chosen to focus on themselves, rather than on the needs of the country. The utter dismay among businesses watching events in Westminster cannot be exaggerated. Our firms are worried, investors around the world are baffled and disappointed, and markets are showing serious strain as this political saga goes on and on.
– Adam Marshall, director general, British Chambers of Commerce
The IoD head is equally concerned by the political chicanery:
The last thing businesses needed today was even more uncertainty – and yet politics has managed to deliver on that once again. Many business leaders, along with the rest of the country, will be tearing their hair out at the state of Westminster politics at the moment. We are edging closer and closer to no deal as a result of constant can-kicking and internal domestic political strife.
– Stephen Martin, director general, Institute of Directors
What is most troubling, perhaps, as the matter of May’s leadership appears to come to close to resolution is that, whichever way the vote goes, will not equally sort out the key issues surrounding Brexit and what looks like a more likely “hard Brexit” scenario next March.