Dr. Adam Marshall of the British Chamber of Commerce delivered a speech March 8 in which he warned the political classes against focusing all of their energies and attention on Brexit, saying that ambitious, growth-driven policies needed to be implemented regardless of whether Britain remains in the bloc.
Of particular importance to the BCC head was investment in domestic infrastructure and a simplified, minimally complex immigration system that continues to attract high-skilled workers to Britain.
Disappointment in short term politics — Dr Adam Marshall #bccconf @britishchambers pic.twitter.com/kTLff39Kee
— Guernsey Chamber (@GuernseyChamber) March 8, 2018
Despite the concern of the Government of Theresa May and other political groups favouring close economic ties with Europe Labour's Shadow Chancellor of the Exchequer John McDonnell has cautioned against placing too much emphasis on the importance of the financial services industry. Under Jeremy Corbyn, the Labour Party has advocated "rebalancing" the economy away from finance and towards investment in industry and re-subsidising industries such as steel, causing its ambivalence about remaining in the EU Single Market.