James Simpson, Partner and Head of Employment, recently took part in the London Chamber of Commerce and Industry’s (LCCI) Brexit Roundtable. The focus of the roundtable was on what London businesses expect and need from the Brexit process for the future.
The latest LCCI Captial 500 Quarterly Economic Survey found that business are increasing, rather than decreasing their investment in training and equipment. Participants at the roundtable confirmed that they are confident in their turnover, citing improved business performance and continued recruitment over the past year. However, uncertainty was a clear theme that many of the participants were experiencing. Businesses expressed a need to be informed about any changes to give them enough time to adapt.
James commented on the
“We have been faring pretty steady since the referendum, but we have been seeing an effect on the commercial side where a couple of transactions have been pulled by the European investors behind it. They have decided they do not want to invest in UK companies at the moment, and a large part of that is the uncertainty about what the position is going to be around EU workers.”
James Simpson, Blaser Mills