Sajid Javid will today meet with business groups to hear their concerns following the UK’s vote to leave the EU
Sajid Javid will today meet with business leaders in a bid to discuss the challenges generated by last week's vote to leave the EU.
The business secretary will meet with representatives from groups including the Confederation of British Industry, the Institute of Directors, the British Bankers Association and the EEF, the manufacturers' association.
In what is hoped to be the first of a series of meetings, Javid is expected to argue that while Brexit will generate risks, there will also be opportunities for businesses.
And he will urge business leaders to share concerns they are hearing from their investors, exporters and employers.
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Speaking ahead of the event, Javid said that while he had wanted the UK to remain inside the EU, he had a duty to execute instructions from the electorate.
“My objective now is to ensure that the negotiation of our future relationship with the EU is carried out in the interest of UK companies, investors, potential investors and workers,” he added.
An IoD spokesman told City PM that they hope to establish what plans the UK has already established for minimising business risks.
“George Osborne has been trying to calm the markets, but it's a bit thin on the detail," they said.
“We want to know about business support like lending, because we know that they have been doing some planning, we want to see how far their Brexit planning they have got.”