Too early to assess Brexit impact on Malta, Prime Minister says

There was still too much uncertainty about the form Brexit would take for Malta to assess its impact on various sectors, Prime Minister Joseph Muscat said yesterday. Speaking to just under 200 anxious businessmen at the Malta Chamber of Commerce, Enterprise and Industry, he said that any assessment now would have to work out the sectoral impact for multiple potential scenarios – and would therefore not provide the clarity that businessmen in Malta were so keen to have. "Let's wait for a few months to understand the specifics of the UK demands," he said. He was replying to a question from Stefano Mallia, the vice-president of the European Economic and Social Committee and a rapporteur for the employers' group, which suggested Malta needed an assessment similar to the one prepared by the Confederation of British Industry – whose president, Paul Dreschler, was the guest of honour at the seminar. Mr Dreschler was pragmatic, noting most businesses were anti- Brexit but that they would – "as businesses always do" – adapt. He noted that there were two issues: people and the freedom to trade. On the former, he said that CBI had made it clear that the British government should make an...

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