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.
There isn’t a day that goes by without copious column inches dedicated to the topic of Brexit. This has never been more so than in the days since the Prime Minister made her recent speech in Florence.
It is often said that people are the most valuable asset in any organisation and yet, one year on from the vote to leave the European Union, there has been limited focus on the views of the 3.4 million non-UK nationals employed in Britain today.
The announcement today that Article 50 has now been triggered is the first formal step to our country’s exit from the European Union. While symbolically this is undoubtedly a watershed moment, in reality as of today, nothing has changed.
by David Noon, UK Brexit Lead and Head of Risk Advisory
It’s often said that a week is a long time in politics. And as 2016 showed, just one day can transform a nation’s political landscape. If so much can change in 24 hours, what could the next few months, with the Article 50 trigger in sight, have in store? Could just a few months – as Ted Malloch, the man tipped to be the next US ambassador to the EU, believes – be all it takes to negotiate a free trade agreement between the US and the UK?