Results of Brexit Business Survey published

Friday 22 December 10:21

The Government of Jersey has published a report containing the results of the Brexit Business Survey.

Results of Brexit Business Survey published

The survey was designed to:

  • determine the importance of visa-free business travel, the rights of EU nationals to live and work in the Island and the reasons to recruit staff from off-Island;
  • examine perceptions of EU regulation and legislation and any barriers that currently restrict business growth; and
  • explore whether Brexit may result in businesses considering relocation or reduced levels of staffing and investment in Jersey.

The report provides a useful insight into the concerns of Island business and the level at which Brexit has impacted their thinking.

When considering possible impacts of Brexit on the Island, the primary concerns of businesses related to potentially higher costs, as well as the impacts on travel. This was followed by concerns about access to and availability of skilled and experienced staff, access to the EU for financial services, and the overall impact on Jersey’s economy, its competitiveness and the number of businesses in the Island.

During the negotiations, the main priority for both finance and non-finance businesses is for Jersey to maintain its current relationship with the UK, followed by securing a new trade arrangement with the EU. These priorities align fully with those of Government of Jersey and have formed the basis of our engagement with the UK government and EU Member States.                                 

The Minister for External Relations, Senator Sir Philip Bailhache, said: “When setting our priorities, we need a clear understanding of the potential impact of Brexit on Island businesses, across both the financial services and non-finance sectors. As well as providing an awareness of the unique challenges presented by Brexit, the responses to this Business Survey have helped us to identify potential opportunities and assess how the government can assist industry in accessing them.

“This is the second survey carried out by the Ministry of External Relations, and complements the findings of the Brexit Residents’ Survey. I am grateful to all business leaders who have taken the time to provide this invaluable information.”

Click HERE for the results.

States of Jersey Press Release.

 

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