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ALMR

Brexit: Government must act to prevent costs spiralling out of control

By Oli Gross , 27-Jun-2016
Last updated on 28-Jun-2016 at 10:11 GMT2016-06-28T10:11:05Z

Brexit: Government must act to prevent costs spiralling out of control

The Association of Licensed Multiple Retailers (ALMR) has urged Government to offer reassurances to the industry to prevent costs from ‘spiralling out of control’ following Brexit.

The trade body’s chief executive Kate Nicholls wrote to HM Treasury and the Department for Business, Innovation and Skills yesterday outlining the concerns of the licensed hospitality sector, and offering support in the forthcoming negotiations.

Nicholls said: "The impact of the vote is already huge and it is crucial that we hit the ground running to ensure continued support for businesses.

“We want to be on the front lines ensuring that confidence and investment is not unduly undermined by any future instability, and that the sector knows where it stands.

Crucial

"Licensed hospitality is crucial to the UK's economy, generating one in eight of all new jobs over the past two years. Crucially, around 60% of our sizeable workforce comes from abroad and 40% from EU states.

“The Government needs to establish a clear and concise road map to provide reassurances for businesses and employees and the ALMR stands ready to assist.

"The Government must also act to safeguard against businesses costs spiralling out of control and to protect investment.

“We need a strong and unambiguous message from the Government that it stands ready to act to in the best interests of UK businesses.

“The ALMR is working hard to provide its members with a sense of clarity and we are eager to work closely with Government to provide support for licensed hospitality."

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