What will Brexit mean for business in Aberdeen?

Brexit: implications for Aberdeen

Slim Gueddana, Audit Director KPMG in the UK, explains the likely pros and cons of Brexit on Aberdeen’s most prominent sectors, including oil & gas, fishing, farming and agriculture.

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Director, Audit

KPMG in the UK

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What will Britain’s exit from the EU mean for businesses in Aberdeen and its surrounding regions? Some might say “not much” given the city’s overwhelming focus on oil and gas – a global industry transacting in US dollars. However, as KPMG’s Slim Gueddana shares, most businesses in Aberdeen will see some level of challenge and opportunity. 

Highlights:

  • UK North Sea producers may be seeing some upsides from Brexit but net impact on wider oil & gas industry is unlikely to be positive.
  • The introduction of EU tariffs could make the city’s fishing, food and drinks exports less competitive.
  • The agricultural sector, which heavily relies on seasonal workers, could suffer significant labour shortages. 

Read the article: What will Brexit mean for business in Aberdeen?

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