The UK’s vote to leave the European Union unleashed an unprecedented wave of political and economic change spread far beyond Britain’s shores. From European capitals now courting London businesses to questions for Britain’s global trading partners – risks and opportunities that simply did not exist prior to 23 June 2016. Through KPMG’s Global Brexit Centre of Excellence, we bring a global perspective to help ensure that businesses take the impacts and experience from various parts of the world into account when planning for the new normal of geopolitical risks and opportunities.
Our Brexit Basics series is aimed at demystifying the Brexit debate and bringing attention to what is most relevant for global businesses, governments and institutions. In this third edition, we put focus on How the EU works by looking at how the various parts of Europe – both countries and institutions – fit together. Being prepared for Brexit means understanding some of the basics about how the EU works and who will sit around the negotiating table. This document sets out the basic framework of institutions, how they interact and the key individuals likely to be involved in Brexit negotiations.