Share article:
Share article:

Brexit: Next stages crucial for world economy

© Belga
© Belga

The British Chamber of Commerce in Brussels favours keeping the negotiation period on the means for Britain’s exit from the European Union as short as possible. “Stability is key for investors,” stated Thomas Spiller, the President of the Chamber, during a briefing today (Friday).

“Brexit was not our position, but the British population has spoken through the ballot box and we must, from now on, work out the next stages. It is very important that businesses very quickly get clarity on the matter. A strong political signal from both the EU and member states is thus fundamental,” said Mr Spiller.

To the Chamber, Europe and Belgium are on a par as business locations with the United Kingdom. “The fundamental principles still remain the same,” tempered Glenn Vaugan, the CEO of the Chamber of Commerce. “Belgium is the seventh largest export market for the United Kingdom. Economic relations between the two countries are still as vital as they were yesterday.”

It is likely that one of the sectors which will be most affected by Brexit will be Finance, Spiller considers. “Some large banks may decide to leave London in favour of Frankfurt, if the rules relating to Britain’s access to the single market are altered.”

The technological world and the so-called “FinTech” industries are also potential casualties of the Brexit earthquake.

For businesses with a presence in Brussels, everything now depends on the deal to be negotiated over the next few months or even years. “Clearly a new chapter has begun.”

(Source: Belga)

Latest news

Flanders introduces ‘invisible’ speed cameras
New digital speed cameras that are essentially invisible to the road user are being introduced on various roads and motorways in Flanders, Flemish ...
Warnings issued for slippery roads across Belgium
Drivers have been asked to watch out for slippery roads from Saturday afternoon until Sunday evening, as snow and cold temperatures are expected ...
Testing rules following high-risk contact eased for vaccinated people
The coronavirus testing policy following a high-risk contact has been eased, meaning a vaccinated person who was in contact with an infected person ...
New measures announced for Belgian schools
Stricter rules are being implemented across a variety of sectors in Belgium to curb the rising number of infections and limit the damage as a result ...
Majority of booster doses should be administered by March 2022
Invitations will be sent out in the following days for the general population in Belgium to receive a coronavirus booster vaccine, and most adults ...
Belgium adopts national plan to combat gender-based violence
Belgium has adopted a National Action plan for the Fight against Gender-Based Violence, which includes more than 200 measures and unites all levels ...
Antwerp cancels Christmas market and New Year’s Eve fireworks
The city of Antwerp has joined other cities including Leuven and Ghent by announcing it is cancelling this year's Christmas market, the end-of-year ...
Pharmaceutical companies looking into vaccines against new variant
Pharmaceutical companies have sprung into action to look into vaccine protection against the new coronavirus variant first detected in South Africa, ...
Belgium imposes entry ban on travellers from southern Africa
Belgium is introducing an entry ban for travellers from several countries in the south of Africa following concerns about a new variant (B.1.1.529) ...
What Ursula did next
BRUSSELS BEHIND THE SCENES • Weekly analysis and untold stories
Nightclub closures, limiting contacts: These rules come into force today
Just over one week after its last meeting, Belgium's Consultative Committee on Friday once again announced a set of new measures to curb the rising ...
Almost 3,500 Covid-19 patients in hospitals as new cases continue to skyrocket
The number of new coronavirus cases in Belgium is continuing to rise, and with it the number of Covid-19 patients who are hospitalised as a result of ...