New UK business engagement group established to ease Brexit concerns

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The UK is establishing a new business engagement inter-ministerial group to provide British companies with guidance and reassurance following the recent Brexit vote.

The British government has set up a new business engagement inter-ministerial group to provide UK companies with information and support as the country prepares to leave the European Union.

Chaired by business secretary Sajid Javid, the group brings together ministers from across the government to coordinate engagement with the business community, providing ministers with a forum in which to discuss the views, thoughts and concerns from businesses from all sectors to ensure their concerns are represented in future planning.

Many UK companies - particularly those with import or export-oriented business models - have expressed concerns since the UK voted to leave the EU in the June 23rd referendum. Global markets have been extremely volatile since the result was announced, while British prime minister David Cameron has announced his resignation, creating political turmoil.

As such, the new inter-ministerial group will aim to provide UK businesses with the information they need to limit any sense of uncertainty in the transition period as the country moves towards the EU exit.

Specifically, it will look at areas where businesses are seeking clarity and certainty and make sure the government maintains its commitment to building up Britain as a favorable environment for starting and running an internationally-facing company.

Mr Javid said: "Now more than ever, businesses need certainty, so it's vital that the government maintains an open and continuous dialogue. We must work together to make sure the world knows that the UK is still open for business and remains an attractive place with which to trade and invest."

The group will feed into the new EU Referendum Unit established within the Cabinet Office and will include input from the UK secretaries of state for energy, the environment, culture, defense and foreign affairs, as well as the chief secretary to the Treasury and the trade and investment minister.