18 August 2016

What effect has Brexit had on your business?

In our endeavour to continue to assess member needs, as identified on Members Day in July, we are planning a more detailed "Brexit Specific" survey, which will be undertaken in early September. We will use that to further inform both our assessment of the impact of the referendum and to tune-up our views on what our sector needs from the negotiations as we move towards triggering the 24 month Article 50 exit process.

Through the G&I Committee, which is an essential means for the BPIF to ensure that its approach to important legislative issues is aligned with member needs, we agreed that our 3 step approach is firstly to ensure that we have a good understanding of the impact of Brexit on member businesses, secondly, to identify the priorities that we need to push for as we enter the new post-EU membership period, and thirdly, to consider the best way to ensure our sector's needs are recognised as policy is decided. Each of these stages is more important than ever as we enter into a period of such significant change.

Our Outlook surveys are an extremely important tool in helping the BPIF understand changes in business expectations. Individual company experiences feed into an overall picture of what's happening in our diverse sector and, we in turn feed this information into Government and other industry representative bodies such as the CBI, where the picture across different sectors is aggregated. It's become increasingly clear just how important these qualitative "opinion" surveys are in supplementing the statistical analysis that the Government and Bank of England undertake.

Therefore we would appreciate you sparing some time to complete the survey when it is launched to enable us to collate your views