Member Article

Keep calm and carry on,Mitchells advises businesses

Chesterfield-based Mitchells Chartered Accountants and Financial Advisers is calling on north Derbyshire businesses not to panic following the EU Referendum results.

Richard Trueman, Managing Director of Mitchells said: “An EU exit isn’t going to happen overnight. For the next two years at least, the UK will remain an EU member state as we negotiate our exit.

“Existing legislation and regulation remains in place until amended or repealed by the UK Parliament so the important thing is for businesses to carry on as normal.

“In the immediate future, however, exporters stand to gain from the weak pound, but the flipside is importers will see a sharp rise in prices of goods coming from overseas.”

The Institute of Chartered Accountants of England and Wales (ICAEW) has said today (24 June) that ‘An immediate priority for the Government must be to breathe new life into the faltering UK economic recovery, to demonstrate that it has a strategy to get the economy moving again and to encourage businesses to invest in the UK’s future. This should include measures to tackle weak productivity, to increase trade with other countries and to get a handle on the public finances.’

Richard added: “Although there is currently great uncertainty in our economy, with economists seemingly united in saying there will be weaker investment in the UK economy, they do say they expect the government and Bank of England to intervene to provide support if necessary.

“Having recently come out of recession, many businesses in north east Derbyshire are already operating leanly and efficiently so are in good shape to face the uncertainty over the new few months and years.”

For advice on growing or operating your business more profitably speak to a Mitchells’ expert on 01246 274 121.

This was posted in Bdaily's Members' News section by Anna Melton .