British Chambers of Commerce issues red RAG ratings for business preparedness over Brexit

Business preparedness over Brexit was ranked almost unanimously red by the British Chambers of Commerce in their latest assessment.

The independent business network revealed their RAG ratings today, with just two amber ratings among the 24 otherwise red classifications.

RAG ratings are used in project management to flag issues or status reports, based on red, amber and green colours used in a traffic light rating system.

The system was used by the BCC to give business answers to practical questions they face over the UK’s pending departure from the European Union “rather than endless debates over institutional and constitutional arrangements”.

As the report notes, the classifications are what firms of “every size and sector need in order to take decisions, invest and prepare for the future”, with progress red on most issues and amber on the remaining few.

Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “Over the past two years, businesses have been patient. We have supported the government’s drive to seek the best possible deal for the UK economy. We have given time, expertise and real-world experience to support hard-pressed civil service negotiators. We have convened all across the UK to ensure that every business community’s Brexit concerns can be heard by elected representatives and officials.

“Now, with the time running out ahead of the UK’s exit from the EU, business patience is reaching breaking point.

“Businesses have every right to speak out when it is abundantly clear that the practical questions affecting the competitiveness of their firms and the livelihoods of millions of people remain unanswered. With less than nine months go to until Brexit day, we are little closer to the answers businesses need than we were the day after the referendum.

“It’s time for politicians to stop the squabbling and the Westminster point-scoring – and start putting the national economic interest first. These are not ‘siren voices’ or special interests. They are the practical, real-world concerns of businesses of every size and sector, in every part of the UK.”

View the results in full below:

Brexit Practicalities Scorecard Final

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