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 fourth edition, we put focus on the Brexit landscape over the next 12-18 months. Every day brings new dimensions to Brexit, not least from the political changes in the EU. The UK may have indicated that it will rescind its member-ship of some EU institutions, but there is a lot still to be determined on the terms of the UK’s departure and its future relationship with the EU. With all this noise, it can be hard to follow the debate. So what does 2017 hold for Brexit? Let’s take a look at the timeline and processes ahead.