Commenting on the Brexit flextension, James Stewart, Vice Chairman and Head of Brexit, KPMG UK says.
Commenting on the Brexit flextension, James Stewart, Vice Chairman and Head of Brexit, KPMG UK says:
“There may be groans all round for those hoping for an outcome before 31 October, with more and more people in business looking for closure with a deal scenario.
“However, the flextension could be a blessing in disguise as it removes the cliff-edge, but sustains the environment to complete a deal as soon as possible. Businesses can now stand down their cliff-edge planning for Halloween; although those plans may still be needed at a later date.
“What the flextension won’t do, however, is help with consumer confidence, staffing issues or investment decisions – and many businesses will still be hoping for a deal scenario this side of Christmas.”
- Ends -
For media enquiries only, please contact:
Helen Jackson, KPMG Corporate Communications
M: +44 (0)118 3731 479
Follow us on twitter: @kpmguk
KPMG Press Office:
T: +44 (0)207 694 8773
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 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.
© 2020 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 https://home.kpmg/governance.