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