Businesses cautiously welcome the Government’s Brexit proposals says KPMG

KPMG
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Global professional services firm KPMG says that businesses are cautiously welcoming the Government’s Brexit proposals, but they are not fully confident that it will get through Parliament. Anna Tobin reports

In a statement, James Stewart, head of Brexit at KPMG UK, said: “Today’s cabinet discussions on the draft text mark a big step forward in the construction of a Brexit deal, but there remains a long, hard road to travel before any final agreement is clinched.  The businesses we’re speaking to are cautiously welcoming the progress being made.  However, they are under no illusions about the pitfalls that lie ahead, the potential for an impasse being reached, and the absence of detail on the UK’s future trading relationship with the EU.

“Businesses that crave certainty and detail will have heard very little in recent days to make them feel they can now relax.  Indeed the feedback from some of our clients is quite the opposite.  Until there is broader political alignment and fewer risks, business leaders have little option but to continue to assume that the quest for a deal could yet be derailed.”

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