U.K. Business Secretary Sajid Javid will be gathering two dozen senior figures from different industries on Tuesday to reassure British businesses. This comes after Britain has left the European Union.
The Wall Street Journal reported that Javid will convene a special meeting with several influential people to reassure British businesses over the ramifications of last week's Brexit. The U.K. Business Secretary described the nation's economy as having "strong foundations."
He also encouraged businesses to "to take advantage of the opportunities that Brexit brings" in a letter in London's Sunday Times. Businesses are currently assessing the effects of Britain's exit from the E.U.
A Confederation of British Industry spokesperson revealed that the trade group is starting a detailed consultation process with its members. "Businesses want to explore how we can retain as much access to the single market as possible, access to skills, and to the 53 EU trade deals," the spokesperson said.
On the other hand, the British Chamber of Commerce (BCC) has said that the market stability and political clarity are two of the main things that businesses need right now. They urged the government to create a plan on how it will support the economy.
"The health of the economy must be the number one priority-not the Westminster political postmortem," BCC Acting Director General Adam Marshall said. "Firms across the U.K. want an immediate and unambiguous statement from the prime minister on next steps, along with a clear timeline for the U.K.'s exit from the European Union."
According to CNN, Britain's Labor Party is currently in turmoil over the Brexit vote results. 11 senior MPs resigned from Labor leader Jeremy Corbyn's shadow cabinet. Corbyn, meanwhile, has vowed not to step down.
"I regret there have been resignations today from my shadow cabinet," Corbyn said in a statement. "But I am not going to betray the trust of those who voted for me - or the millions of supporters across the country who need Labor to represent them."