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Home Location Jersey

More than a quarter of Jersey firms already feeling ‘Brexit effect’

December 20, 2017
in Jersey
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Business owners in Jersey say they’re already feeling the impact of Brexit, including increasing costs and growing uncertainty.

28% of respondents to a survey conducted for Jersey’s government say they’ve noticed the changes since the UK voted to leave the European Union.

There were upsides reported, too, including an increase in visitors to the island because of the weakness of the pound.

235 business, representing 9,390 workers, responded to the survey.

External Relations Minister, Senator Sir Philip Bailhache, said: “There is an understandable concern over the future of the Island’s trading relationships with the UK and EU, and we have developed a distinct workstream on Customs Union and Trade matters to ensure that the Jersey is in the best possible position once Brexit has taken place.”

“It is also clear that Island industries value the contribution made by employees from the United Kingdom and the European Union. We are committed to ensuring that the position of EU citizens living in the Island is resolved as soon as possible. We are equally committed to ensuring that businesses are able to access essential travel links which are necessary for building global trading relationships.”

The report, which you can read in full here, comes days after the first hearing of a new Brexit Scrutiny Panel, and just a week on from the publication of Jersey’s proposed new plan to manage the island’s population.

Tags: BrexitPopulationStates of Jersey
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