The Queen has approved Boris Johnson’s request to suspend parliament for five weeks, ahead of the EU exit deadline on 31 October.
The suspension follows the recent summer break in the House of Commons, and the Prime Minister has faced public criticism for calling for the postponement at such an important time.
Mr Johnson has been vocal when discussing the possibility of a no deal Brexit, previously stating that the UK must leave on 31 October with or without a deal. However, earlier this week it was reported that the PM was optimistic and believes the EU will understand that there is an opportunity to make a deal.
The move has invoked a range of responses from MPs on both sides of the debate, with some questioning how the suspension will allow them to play their part in the Brexit process.
The top priority for businesses and the UK economy is still to avoid a messy and disorderly exit from the EU in now just over 60 days time. None of the happenings in the last few days have given businesses greater confidence that this will be achieved. It is essential for government and its agencies to further boost support for businesses through any scenario.
Further confusion is not only hindering businesses’ ability to prepare for Brexit in whatever form it takes, but it is bringing with it economical barriers which are preventing further growth and investment in companies in the UK.
Local companies are invited to join Graeme Chaplin, the Bank of England’s Agent for the West Midlands and Oxfordshire, and Herefordshire & Worcestershire Chamber of Commerce to the Annual Bank of England (BoE) Breakfast on Friday 20 September.
Mr Chaplin will be discussing the latest BoE economic forecast following the recent parliamentary happenings, and explain the role of the Bank in promoting stability in the UK financial sector. Following the presentation, attendees will also have the opportunity to ask Graeme questions.
Taking place at The Courtyard in Hereford, this is an extremely popular event and spaces get filled very quickly. The briefing is free for Chamber Members, and is priced at £20+VAT for Non-members, to book your place now please visit www.bit.ly/BoEtickets.