Policy, Enterprise, Business engagement
As a follow up to our previous all-member survey on the economic impact of Coronavirus, in early April, we’ve just completed another all-member survey on how the pandemic has influenced views on a Brexit extension.
The survey was conducted between 16 and 19 May. The results have been shared with the Leadership.
In brief , our members believe the Government should apply for the longest possible extension (2 years) to the transition period to allow time to achieve the best possible deal for the country and allow time for businesses to adapt for the new trading relationship with their biggest market outside the UK.
A package of measures has been offered to the self-employed with the offer of grants of up-to £2,500 being offered. (Also, there has been agreed delay in the payment of VAT, which should help many companies with their cash-flow). This is in-line with what is being offered to companies to furlough their employees. However, there has been a slight difference in presentation of this offer. Employers are being offered sums to pay their employees to safe guard jobs.
