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Minister Admits Brexit Has Hindered Business
The Herald
|February 15, 2023
A CABINET minister has conceded Brexit and the ensuing political turmoil under the Conservatives has delivered a blow to efforts to attract investment to the UK.
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Work and Pensions Secretary Mel Stride accepted yesterday that creating "frictions" between Britain and the European Union will have had an impact.
His concession came after Paul Drechsler, the chairman of the International Chamber of Commerce UK, said Labour is now winning the argument on business.
Mr Drechsler, who was a skills adviser to former Tory prime minister David Cameron, blamed Brexit and the chaos afterwards for reducing the willingness of firms to invest in Britain.
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