Brexit will be 'hard'

One of the big topics we work on is assessing what leaving the EU will actually look like.

In our view, it’s hard to see anything but a version of ‘hard Brexit’. The details vary greatly from sector to sector, but the consistent theme is the position of our prospective negotiating partners in Brussels.

It may sound simplistic, but if the European Union was the sort of organisation that will offer us a “soft Brexit” deal now, they probably would have given David Cameron enough to persuade voters to stay in.

There will be significant new opportunities for some businesses, but for others it will be painful. Brexiteers argue it’s better to make that adjustment quickly, rather than be a boiling frog caught by the EU’s rules.

More importantly, businesses that understand what the UK Government plans to do to boost different sectors and the wider economy after 2020, will have a competitive advantage in their investment decisions now.

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