The chances of a Brexit deal are increasing, despite the complete radio silence surrounding the negotiations between the EU and the UK. Meanwhile, questions are piling up. What will the Brexit mean for IT systems, VAT or business travel?
Now that 1 January 2021 is fast approaching and there is still no 'deal', the tension is increasing in the UK. Tim Sarson, Value Chain Management Partner at KPMG UK, and Leon Kanters, Brexit specialist at KPMG, think they know what the status of the Brexit negotiations is. Kanters notes ‘that there is a kind of radio silence after the negotiations were broken off earlier. No news is actually coming out. I do expect progress to have been made in the negotiations. There is no guarantee, but I see the chances of a deal increasing'.
Sarson: 'Sounds are coming out from the government making it clear to the people that concessions are being made. For example, the UK seems to be winning on fisheries, but is making concessions on the issues of government support and level playing field’. According to Sarson, ‘a possible election victory for Joe Biden in the American presidential elections also plays a role in the background. If there is a no-deal, the UK will find itself in an isolated position. Everyone knows that Boris Johnson has a good relationship with President Donald Trump. That increases the pressure to come to a deal'.