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Brexit: Choppy waters ahead

Brexit: Choppy waters ahead

Brexit: "With regulatory and trade issues all still to play for, UK business recognises there will be choppy waters ahead" - KPMG comments

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Commenting ahead of the UK’s exit from the EU this Friday, James Stewart, Vice Chairman and Head of Brexit, KPMG UK says: 

“Now the real negotiations begin. But the fundamental question remains to whether a deal on the future relationship with the EU can be reached by the end of the year. 

“With regulatory and trade issues all still to play for, UK business recognises there will be choppy waters ahead. Also, business leaders are waiting for the publication of the government’s negotiating priorities, hoping this prompts an honest conversation about the trade-offs involved in securing a future agreement with the EU.

Brexit is uncharted territory, so there will still be an air of caution for most businesses as they also wait on the promise of domestic investment by the government. However, the reality is key investment decisions need to be made to build confidence and help get the UK back on the path to growth.”

                                                    -Ends-



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Email: gill.carson@kpmg.co.uk

KPMG Press Office
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Notes to Editors:

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 17,600 partners and staff. The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. 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 network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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