Kent Invicta chamber chief executive Jo James blasts Theresa May's postponement of key Brexit vote

A senior business leader says companies are looking on with "utter dismay" at Westminster after today's planned vote on the Brexit agreement was shelved.

Business has long pleaded with the government to end the uncertainty caused by the split with the EU.

But yesterday's decision by Prime Minister Theresa May has meant any hopes of resolution has been once again delayed.

Key Brexit vote on PM's agreement was postponed on Monday
Key Brexit vote on PM's agreement was postponed on Monday

Jo James, chief executive officer of the Kent Invicta Chamber of Commerce, said: "Firms are looking on with utter dismay at the ongoing saga in Westminster, and express concern that politicians are seemingly acting in their own interest, with little regard for the millions of people whose livelihoods depend on the success of UK business and trade.

"Many business leaders will be intensely frustrated by yet another delay in this drawn-out process, which impacts real-world business conditions, not least currency markets."

The pound plunged against the dollar yesterday to its lowest rate in 20 months.

Chamber chief executive Mrs James said: "Businesses are clear that time is rapidly running out.

Jo James, chief executive of the Kent Invicta Chamber of Commerce, says Brexit is causing huge headaches
Jo James, chief executive of the Kent Invicta Chamber of Commerce, says Brexit is causing huge headaches

"With just over 100 days to go until March 29, many are already enacting contingency plans in the absence of clarity from Westminster.

"Even basic business planning for next year has become difficult, if not impossible, for many firms and their investors.

“Our research shows that in a ‘no deal’ scenario, many businesses would cut investment and recruitment, or move some of their operations elsewhere.

"Survey after survey have shown that businesses will be taking decisions that are right for them, but may damage the UK economy.

Theresa May will be speaking to European counterparts today to seek assurances on back-stop deal
Theresa May will be speaking to European counterparts today to seek assurances on back-stop deal

“Businesses need clarity and precision on the UK’s future relationship with the EU and with other key trading partners.

"Businesses are clear that they do not want a messy and disorderly exit, which both government and far too many firms are under-prepared for.

“Avoiding a messy exit from the EU is a matter of national urgency.

"Efforts must be redoubled to find a route forward, while at the same time ensuring that preparations are stepped up to help businesses and communities deal with any potential scenario.”

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