As Westminster heads off for summer recess after a frenetic few weeks, our feet can finally touch the ground as we consider the Brexit developments since the European Council summit at the end of June.
As we approach what could be one of the defining milestones in the Brexit journey with a special meeting of the Cabinet at Chequers this week at which the Prime Minster hopes to secure backing for the negotiating position, it feels timely to reflect on where we find ourselves more than two years on from the referendum.
This time next year, the UK will officially leave the EU. In the 641 days since the country went to the polls, it has been hard to avoid the B word - as politicians – both here and in the EU, business leaders and the public have clamoured to have a say on what the terms of exit should be and what the future relationship with the EU should look like.
Sitting in the House of Commons to talk about the impact of Brexit is not my typical Tuesday afternoon. But last month I was invited to do just that with the All Party Parliamentary Group for Responsible Tax, alongside MPs Nicky Morgan and Frank Field, as well former HMRC official Judith Knott.
The last week has been particularly eventful in Brexit terms. On Wednesday, the government lost a vote in the Commons on the EU Withdrawal Bill, with MPs backing an amendment which gives them legal guarantee of a vote on the final Brexit deal struck with Brussels.
There is much debate around what impact Brexit will have on London as the leading international financial centre, but about half of the industry’s gross value is actually generated outside the M25. As Deloitte’s managing partner for regional markets and the newly appointed TheCityUK Chair for Greater Manchester, I am delighted to have a role in championing in the North West and contributing to its long-term success.
Last week’s Autumn Statement was billed by many as the “Brexit budget”. With the next one due to take place just four months before the UK officially leaves the EU, this was perhaps the last opportunity for the Chancellor to make funding decisions that will take effect on the UK economy before Brexit.
The issue of free movement is one of the defining issues of the Brexit debate and the topic of workforce mobility is one of the key priorities for business leaders as they prepare for the UK’s departure from the EU.