M-RCBG Associate Working Paper No. 77
Making Brexit work for British Business: Key Execution Priorities
Peter Sands, Ed Balls, Sebastian Leape, Nyasha Weinberg
Brexit implies profound changes for British businesses: from how they trade, to how they are regulated and how they employ people. To explore the challenges and opportunities we interviewed over 50 mid-sized British businesses and trade associations, with the objective of identifying the key execution priorities for Brexit from their perspective. The paper sets out the findings from the interviews and draws conclusions for policymakers. Key themes emerging include: the overwhelming importance of securing a good trade deal with the EU; the concern that Brexit would lead to an increased regulatory burden not a reduction; the need for continued engagement with EU regulatory agencies; the fact that Brexit will necessarily trigger a fundamental rethink of policy towards some sectors, in particular agriculture; and the need to upgrade customs control procedures and revamp the immigration system.