Robert Lloyd Griffiths, Head of IoD Wales, commented:
“The new Prime Minister will take the reins at crunch-time for businesses in Wales and across the UK. It’s crucial that the incoming administration recognises that this is a daunting time for many firms, and is prepared to back them. We look forward to working with his Government to achieve this.
“The UK faces long-term skills challenges that have contributed to stalling productivity growth across sectors and regions. Firms are crying out for infrastructure upgrades, while high costs and uncertainty are often stalling their own investment plans.
“A no deal Brexit would only add to the uncertainty and distract from these challenges, but avoiding a disorderly exit will enable the country to focus on them and move forward to everyone’s benefit. But whatever shape Brexit takes it is businesses that will bear much of the brunt of adapting, so we will continue to lead the charge for greater support for preparation.
“IoD members are eager to see the how the Prime Minister will channel his energies toward the task of bolstering Welsh enterprise.”
“Recent IoD surveys suggest its members’ confidence in the prospects of the UK economy has been dented by recent political upheaval. We look forward to working with new Prime Minister and Secretary of State for Wales to ensure that the interests of business in Wales is firmly placed in his in-tray.”