Share with your friends

Firms in Brexit denial, says KPMG

Firms in Brexit denial, says KPMG

Karen Briggs, Head of Brexit at KPMG comments on the UK’s Brexit progress.


Also on

Commenting on the UK’s Brexit progress at the time of the referendum anniversary, Karen Briggs, Head of Brexit at KPMG, said:

A year ago the referendum result took the business community by surprise, with most unprepared for Brexit and the foreign exchange impact. Today most global businesses, particularly those in financial services, are busy putting in place measures to insulate them from the most significant Brexit risks.

But this is not a universal pattern and there is definitely a band of firms that are either in denial or yet to fully engage at board level. These organisations tend to argue that there is too much uncertainty and complexity or, post General Election, they have unrealistic views on the Brexit outcome.

With negotiations underway and major change often requiring extensive lead times, shrinking from these decisions is becoming an increasingly risky and untenable strategy.

These businesses need to urgently get on with the necessary planning. There is little reason to believe that the current levels of uncertainty and volatility around Brexit are going to change. If this is the new normal, businesses need to take a more proactive approach to shaping their own destiny. The government has a massive agenda to land and the nature of the deal means the current climate isn’t going to get a lot easier.


Notes to editor:

For further information please contact:

Paul Middleton, KPMG Corporate Communications

T : +44 (0)207 694 2180

M : 0738 725 7543

E :


KPMG Press Office

T : +44 (0) 207 694 8773


About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2021 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organisation please visit

Connect with us


Want to do business with KPMG?


loading image Request for proposal

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.

Sign up today