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Budget 2018: Missed opportunity to improve trading conditions as UK prepares to Brexit

Missed opportunity to improve trading conditions as UK

James Stewart, Head of Brexit at KPMG UK comments on Budget 2018.

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James Stewart

Vice Chair, Head of Brexit and Industrial Strategy

KPMG in the UK

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Also on home.kpmg

Responding to today budget announcement James Stewart, Head of Brexit at KPMG UK said:


“Many will feel this budget was a missed opportunity to more radically improve the UK’s trading conditions and opportunity for growth as we move towards a historic decision on our future relationship with Europe.

“Brexit uncertainty has been impacting UK investment since the EU referendum - and more recently we’ve seen it soaking up valuable resources as firms spend large sums on preparing to reconfigure supply chains, move facilities overseas or build warehouse inventory. Investment decision-makers are now painfully aware of how the Brexit deal could impact the future plans of the Chancellor.”

-Ends-


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http://www.kpmg.com/uk/budget2018

For further information please contact:
KPMG Press office
T: +44 (0) 207 694 8773

Paul Middleton, KPMG Corporate Communications
M: 07387 257543
E: paul.middleton@kpmg.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people 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.

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