EEF said it planned to seek early assurances about the Government’s commitment to securing access to the single market and protecting the UK’s trading relationships. It added it would also call on the Government to send a clear ‘business as usual’ message to Europe and the rest of the world.
At the same time, EEF will urge ministers to avoid allowing business and the UK to fall into limbo by getting on with important investment decisions, such as expanding the UK’s airport capacity.
Terry Scuoler, CEO of EEF, is also going to make it clear that the Government has manufacturers’ backing in waiting until the UK has a clear and defined negotiating position before triggering Article 50. He will also reiterate the need to ensure that the migration of workers into the UK is not impaired now or in any future negotiations.
Commenting ahead of the meeting, Scuoler said: “The UK Government has a major task ahead of it in supporting growth in the economy and managing the process of securing a new relationship with the EU. In the immediate aftermath of the vote, it must continue to tread carefully by not triggering Article 50 immediately, reassuring the markets and seeking to shore up business confidence.
“The next step is clearly for close engagement with business groups and other stakeholders to ensure that emerging signs of manufacturing recovery do not falter in the coming months and to deliver broad agreement on a clear vision for a new relationship between the UK and the EU.”
He added: “It is vital that Government takes immediate steps to keep manufacturing growth on track – I will be using this meeting to set out the sector’s top priorities in forging a new relationship with partners in the European Union. The collective commitments to make the referendum work for the UK economy are an important first step in offering some stability for business.
“In mapping out what Government needs to focus on now, both in minimising the short-term risk of economic downturn and setting out the UK negotiating priorities, we must bear in mind the warnings of international organisations that the UK’s manufacturing sector was on the ‘at risk’ list in the event of Brexit.”
For EEF’s full view on what manufacturers’ priorities are as the UK parts ways with the EU, see here.
