Chesterfield financial expert urges businesses not to panic after EU vote

Richard Trueman, managing director of Mitchells Chartered Accountants and Financial Advisers, believes many firms across the area are already in good shape to face the uncertainty of the next few years.

He 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“Existing legislation and regulation remains in place until amended or repealed by the UK Parliament so the important thing is for businesses to carry on as normal.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 exporters will see a sharp rise in prices of goods coming from overseas.

“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.”