With the countdown to Brexit quickly ticking away, Business Link Magazine invites a select number of the region’s business leaders to offer their thoughts.
Here we talk with Andrew Mair, partner and head of BDO in the East Midlands:
“We’ve continued to see our regional economy grow, yet business leaders in the East Midlands are feeling less than optimistic as they look to the future. We recently conducted research which highlighted that 90% believe Brexit will create a drag on growth in the next 12 months. 81% of these business leaders in the region also think the government is not doing enough to prioritise the needs of businesses during its negotiations with the EU.
“There is action which could be taken to rebuild some of the confidence which has been eroded since the referendum. At BDO, we recently published our own five-point policy plan, which we believe will help to create a more balanced New Economy made up of regional and sector powerhouses so the UK is less reliant and focused on London, the South East and the Financial Services sector for growth. The plan covers simplifying tax, improving infrastructure and skills, a productivity boost via an annual investment allowance increase and access to more patient capital.
“With an increasingly complex political backdrop, addressing issues such as simplifying the UK’s tax regime, improving infrastructure, access to finance and talent would go a long way to start restoring the confidence of business leaders.”