AS16: Business as usual where Brexit planning concerned | KPMG | UK

Autumn Statement 2016: Business as usual where Brexit planning is concerned, says KPMG

AS16: Business as usual where Brexit planning concerned

Head of Brexit at KPMG in the UK, commenting on the Autumn Statement.

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Karen Briggs, Head of Brexit at KPMG in the UK, said:

“There wasn’t much new detail in today’s Autumn Statement to help businesses prepare for Brexit although the scale of the economic challenge was made clearer by a reduction in OBR’s growth forecasts and a significant increase in national debt. As a counter-balance, the Chancellor unveiled a welcome push on productivity with the announcement of a significant £23 billion National Productivity Investment Fund.

“However, in terms of businesses planning for Brexit, it’s very much ‘as you were’ which for most at this stage means analysing their exposure and identifying opportunities. Although we don’t know the details of what Brexit will look like, business must assess their strategy, decide what would be prudent to do now and where they can afford to wait and see.“We all have a stake in the UK economy. Businesses we talk to are, in general, pragmatic and resilient. Like us, they are keen to ensure that the UK remains a great place to do business and want to engage with government to help shape our post-Brexit trading environment.”

Ends

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www.kpmg.com/uk/autumnstatement

For further information please contact:

Margot Cowhig, KPMG Corporate Communications

T: +44 (0)20 7694 4246

M: 07920 274856 

E: Margot.cowhig@kpmg.co.uk

KPMG Press Office:

T: +44 (0)207 694 8773

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 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.

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