Discussing the snap election Karen Briggs, Head of Brexit at KPMG said:
“UK PLC understands the Brexit journey will be a bumpy one. We are getting used to a new normal where political shocks are commonplace, foreign exchange shifts dramatic and the UK’s labour supply in transition.
“Businesses desperately want to make a success of Brexit but their fear has long been that the sheer scale of the negotiations mean they cannot be completed in two years. This might mean vital details in everything from finance, to life sciences and aviation being missed or delayed - upending business models and affecting jobs.
“The prospect of a government now serving until 2022 creates a window for even clearer negotiating objectives and a less frenzied implementation period. Business will hope this makes for a smoother Brexit with more time to fix the intricate detail of a good deal and adequate time to prepare for necessary change.”
Notes to editors:
Recognizing that Brexit is a complex global issue that reaches far beyond Britain’s shores, KPMG member firms are providing global insights and perspectives to their clients. The recently launched social media aggregator, 365BREXIT, is built on the same technology as the award winning WEFLIVE.com platform. It monitors and visualizes the Twitter conversation taking place globally using interactive and live infographics, heat maps, influencer rankings and lists of tweets. What topics will emerge as the most important as Brexit unfolds throughout the year? Follow the social media conversation on 365BREXIT.com – your window into the debate.
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 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.