IN ASSOCIATION WITH
The triggering of Article 50 will definitely change the UK business landscape. How will it affect the ‘temperature’ of our local economy? From our informed contributor responses, it is clear that Brexit concerns currently overshadow business agendas
Welcome to the age of uncertainty
Uncertainty, instability, volatility, risks – were words mentioned by all our contributors to this Q1 2017 Taking the Temperature survey
While with exchange rates favouring exporters, inbound tourism and inward investment the perception was ‘business as usual’, Simon Brooker of BDO noted: “The longer Brexit uncertainty continues, the more likely it is to impact on larger, more strategic decisions that businesses need to make.”
Pressing matters such as rights of EU citizens already working in the UK and continued UK/EU exchange of innovation and skilled labour, required government clarification.
Giles Blagden
After Brexit negotiations on departure terms began, business “state of flux” was likely to increase. “Larger accountancy and advisory firms such as BDO, which work across international borders, will be important in helping UK and overseas businesses keep up-to-date with changes, help them adapt their working practices, and succeed in this fast moving environment.
“The Government must ensure the UK continues to be seen as an attractive place to do business; to encourage overseas companies to invest here; to help existing UK businesses to prosper.”
The ability to establish our own rules and trade deals with non- EU countries could help make a more attractive UK business environment.
With a company providing part-time finance directors to assist small businesses, well-informed Mark Nicholls believes that Brexit era
Simon Brooker continued overleaf... David Griffiths
OUR INFORMED PROFESSIONALS ... Giles Blagden: MD, Hicks Baker Simon Brooker: Lead partner, BDO David Griffiths: CEO, FISCAL Technologies Jonathan Hughes: Regional sales director (Thames Valley & SW), Leumi ABL Mark Nicholls: Founder, Tectona Partnership Chris Smith: Consultant entrepreneurial finance director and NED Jon Stradling: MD, large corporates, south region, HSBC
businessmag.co.uk
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