EU decision must be about economy, not politics, says chamber

EU decision must be about economy, not politics, says chamber

Businesses must focus on the economic effects of the EU referendum, not the political issues, according to Sheffield Chamber of Commerce.

Richard Wright, executive director at the chamber, has spoken out following the launch of the Quarterly Economic Survey (QES) - sponsored by RBS South Yorkshire & North Derbyshire – which focuses heavily on the referendum and its impact on businesses.

His comments come as the chamber announces it will hold a flagship event on 12 April with the Sheffield City Region LEP and Sheffield University Management School to share the QES results and discuss the referendum.

The Quarterly Economic Survey Breakfast will feature economic arguments for and against Europe, relating these arguments to the local economy to give businesses a greater understanding of the decision as to which way they will vote.

Wright said: “This is a year of big decisions for the economy, on a local, regional and national level – we have the devolution deal, HS2 station location and now the EU Referendum.

“Listening to the debate you might think that staying in or leaving the EU is a political decision, but it’s not. It’s ultimately about the economy.

“But we need to ask how many of us in the business world truly understand the economic realities of the decision and its long term effect on our local and national economy.

“As business organisations we need the best decisions that maximise regional economic growth and underpin a successful future for our businesses and the regional population.

“Our event will allow the local business community to listen to the arguments on both sides and try to relate those to the local economy.

“From this, we hope people will leave better informed and in a position to make the right choice at the referendum.”

BQ will cover stories which are both for, and against, the referendum about Britain’s membership of the EU. For a collection of articles on the subject, please click here.

To take part in the QES, visit http:screconomy.org.uksurvey.