Lord Taylor of Warwick – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Lord Taylor of Warwick on 2016-06-29.

To ask Her Majesty’s Government what assessment they have made of the risks that companies may delay investment and hiring new staff in the UK in the light of the result of the referendum on the UK’s membership of the EU.

Baroness Neville-Rolfe

My Rt hon Friend the Chancellor of the Exchequer, my Rt hon Friend the Secretary of State for Business, Innovation and Skills and the Governor of the Bank of England have been clear that although there is uncertainty ahead, the UK is very much open for business and investment.

Since the referendum, the Government has been actively engaged with businesses of all types and in all sectors to understand their concerns. In the Department for Business, Innovation and Skills, my Rt hon Friend the Secretary of State and other ministers are holding a series of roundtables with business organisations and with CEOs and senior representatives from many of our biggest employers. The Secretary of State also chairs the new business engagement inter-ministerial group, which brings ministers across Government together to discuss issues and challenges facing business, including creating opportunities for investment and trade.