James Stewart, Head of Brexit at KPMG UK said
“Today’s cabinet discussions on the draft text mark a big step forward in the construction of a Brexit deal but there remains a long, hard road to travel before any final agreement is clinched. The businesses we’re speaking to are cautiously welcoming the progress being made. However they are under no illusions about the pitfalls that lie ahead, the potential for an impasse being reached, and the absence of detail on the UK’s future trading relationship with the EU.
“Businesses that crave certainty and detail will have heard very little in recent days to make them feel they can now relax. Indeed the feedback from some of our clients is quite the opposite. Until there is broader political alignment and fewer risks, business leaders have little option but to continue to assume that the quest for a deal could yet be derailed.”
For further information please contact:
Paul Middleton, KPMG Corporate Communications
Tel: (0) 20 7694 2180 / Mobile: 0738 725 7543 / Email: Paul.Middleton@kpmg.co.uk
KPMG Press Office
Tel: +44 (0) 207 694 8773
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.