Chancellor: British businesses can capitalise on new opportunities

Posted On: 22nd September 2016

The Chancellor Philip Hammond has this week met with British businesses from all over the country to listen to their views ahead of his first Autumn Statement.Philip Hammond

The roundtable events at the Treasury and Downing Street also included discussions around leaving the European Union, with the Chancellor urging businesses to make the most of the new opportunities that Brexit presents.

Mr Hammond told business leaders that the government will offer support to firms through any period of adjustment while Britain forges a positive and powerful new role for itself in the world.

The Chancellor met a wide variety of businessmen and women to hear their views on what actions the government can take to support economic and wage growth in an economy that works for everyone.

Attendees at the meetings have come from a cross section of Britain’s leading business groups including the CBI, FSB and BCC where companies like BMW, British Airways, Sainsbury’s, TSB and Shell UK and Ireland have all been represented.

The Chancellor also discussed boosting UK growth and productivity with senior executives from John Lewis, Rolls Royce, BAE Systems and CISCO in a dedicated roundtable.

The Chancellor said:

“These discussions have been an excellent way to hear the views of large and small businesses, specialising in a range of industries and from all over the country ahead of my first Autumn Statement.
My message to businesses is clear: In our negotiations to leave the EU, we will work hard to get the best deal for Britain and that includes ensuring that British companies can continue to trade with the single market in goods and services.

We will continue to move forward positively and make the most of the opportunities that our departure presents by getting out and doing business across the globe, while at home building a Britain that works for everyone.

We have an opportunity to forge a new role for ourselves in the world, to negotiate our own trade deals and be a positive and powerful force for free trade and it is crucial that government and business work together to make it happen.”

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