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Gloucestershire Business News

'Political earthquake puts big question marks over Brexit process'

Ian Mean, Gloucestershire director for Business West, has raised questions over the future of the Prime Minister and the Brexit negotiations.

In an article for Punchline, Mr Mean writes:

With a hung Parliament today - no overall majority for the Conservatives - business will be very concerned about more and more uncertainty and delays in the Brexit process.

When you think that Theresa May had committed us to start the initial Brexit talks in just over a week's time, the political earthquake that has now erupted puts a big question mark over the whole Brexit negotiation.

Will the opening Brexit talks actually go ahead on Theresa May's timetable?

Will she even be prime minister by the end of today? Or even in a few days? There are already calls this morning for her to resign.

Our Business West members have told us in our recent survey how frustrated they are with the lack of information on the ongoing Brexit process.

They will be even more annoyed that our government's standing will be at rock bottom with the EU now that Theresa May's credibility has been shattered by the General Election result which she totally focused on Brexit.

Calling a snap election with just eight weeks to give herself a stronger hand in the EU talks was a big gamble which the British people rejected.

Never underestimate the electorate is an old adage used by experienced politicians and today they have confounded expectations.

For many months now, companies I have talked to in Gloucestershire have been doing their best to ignore the "noise" generated by politics in order to focus on their own operations and ensure they retain good relationships with their export customers.

So, what will happen now?

More frustration for these businesses who now face the prospect of those initial Brexit talks being further delayed, because we might now have a Tory Party leadership election on our hands.

If Theresa May does resign, that delay in the talks could be as much as three months, and on top of that she will not be in charge of the Brexit process.

How can she retain any credibility with the EU, having had her wish for a stronger mandate for Brexit well and truly torpedoed?

For many companies in Gloucestershire where the strength of the pound is a big issue to make them more competitive, the lack of urgency created by a hung parliament could well affect their profitability for quite a period.

The key word here for companies is 'confidence'.

From day one when David Cameron committed us to an 'in or out' referendum, confidence has been the key issue for business.

In my experience in Gloucestershire, few companies have had any confidence in the government's secretive Brexit process and during the Prime Minister's election campaign, it became no clearer at all.

And at the heart of the government's poor showing in the election was that the British public rejected the Prime Minister's hard-line focus on getting the best deal for Britain.

She failed with a lacklustre election campaign where she almost hid from real voters - as opposed to party activists. This was the case particularly when she made a whistle stop tour to Cheltenham this week.

Most voters did not understand her Brexit argument in my view. They were more interested in domestic matters like the so-called 'dementia tax' and the NHS.

By contrast, Jeremy Corbyn ran an old-fashioned people-focused election campaign meeting everyone he could possibly meet.

Despite his obvious political shortcomings and a vicious right-wing press campaign against him, his anti-austerity ticket resonated with the public - particularly young people.

Business has been largely ignored in the election campaign.

That has to change and quickly.

Whoever now leads the country has to understand that the whole Brexit process will not be successful unless companies are regarded as important passengers on the journey - they must not be left standing on the platform.

What do you think? Email mark@moosemarketingandpr.co.uk 

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