Commenting on the Liberal Democrat Manifesto published today, Terry Scuoler, Chief Executive of EEF, the manufacturers’ organisation, said:
“Business needs clarity and certainty about the future relationship with the EU and another referendum is surely unrealistic and would cause massive further uncertainty. However, it’s clear that in voting to leave the EU, there was no real discussion about how to go about it while protecting the nation’s economic interests. A so-called hard Brexit would be disastrous for business. Companies want a clear commitment to achieving a seamless trading relationship with our EU partners, with no tariffs and a straightforward and simple customs arrangement.
“The Liberal Democrats also rightly point to the importance of high-skilled migration and there are themes in the manifesto which would fit comfortably under the umbrella of an industrial strategy, from infrastructure commitments to supporting the Catapult programme.
“Right now, however, amidst all the electoral clutter business wants to see how the political parties are going to promote the investment, growth and jobs we badly need. This manifesto has a number of measures which would be negative for investment whilst adding yet more burdens to businesses, especially larger ones.”