Business West has called for reassurances to businesses and for a clear path to break the Brexit impasse following today's announcement that Theresa May will step down as Prime Minister.
Mrs May confirmed she would step down as Conservative Party leader on June 7, and that she would continue to serve as Prime Minister while the leadership contest takes place.
Phil Smith, managing director at Business West said: “Businesses must be reassured that a change at the top in Downing Street does not simply usher in a longer period of uncertainty.
“As our global competitors get sharper and more strategic, Britain is still mired in indecision and uncertainty. Drift and lack of direction have real-world economic consequences, brought home to many of our communities not just by high-profile business closures, but by the quiet and growing loss of contracts, investments and jobs.
“The UK is already paying the price for a political system at war over Brexit. Our reputation as a great place to do business is diminished, and for too long, government has been distracted from working with business to fix the fundamentals here at home, particularly around skills and infrastructure.
“Any leadership contest must be swift and followed urgently by a clear plan to break the impasse. The clock is still ticking down to October 31, regardless of who is in Downing Street.
"A new Prime Minister must work to avert a messy and disorderly exit from the EU. At the same time, preparations must continue to ensure that government, its agencies and our communities are as ready as they can be for all possible eventualities.”