This pack has been prepared ahead of the debate on the effect leaving the EU on business in Wales to take place in Westminster Hall on 14 December 2016 at 2:30pm. The subject for the debate has been chosen by Chris Elmore MP.

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Summary

The UK’s exit from the EU has a number of implications for businesses in Wales. Four of the main channels through which impacts on Welsh businesses may potentially be felt are:

  • UK-wide impacts on the state of the economy and growth prospects
  • Changes to EU funding for businesses
  • Trade with the EU
  • Changes to EU regulations

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Debate packs are produced by the Commons Library quickly after the announcement of parliamentary business. They are intended to provide a summary or overview of the issue being debated and identify relevant briefings and useful documents, including press and parliamentary materials. More detailed briefings can be prepared for Members on request to the Library.

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