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UK businesses want to stay in single market

Staff Writer |
A majority of British businesses want the UK to stay in the European single market and the customs union after Brexit, a survey has found, with Scottish businesses in particular keen to maintain access.

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The British Chambers of Commerce spoke to 2,422 businesses across the UK between June 12 and 14.

It found that 61% of Scottish respondents believe the UK should remain in both the single market and the customs union, compared with 53% of respondents across the UK.

Meanwhile, 68% respondents believe there should be a transition period of at least three years following the UK's exit in March 2019.

Liz Cameron, chief executive of Scottish Chambers of Commerce, said the survey was evidence of the business community's desire for stability in terms of its trading relationship with Europe, regardless of the state of negotiations by the end of the two-year negotiating period.

She said: "Scottish businesses value our trading links with the European Union, as they do with our other major trading partners, and this survey shows that businesses are serious about maintaining a relationship with Europe that continues to enable them to trade as easily as possible, with no financial tariffs and an absolute minimum of regulatory barriers.

"The EU may have fallen behind the rest of the world in terms of the value of Scotland's exports but it remains a vital export destination, particularly as Scotland seeks to grow the number of businesses trading internationally.

"This survey also clearly shows that Scottish businesses do not want to be facing a cliff edge in two years' time when the UK will leave the EU under Article 50 of the Lisbon Treaty."

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