Article

Leaving the EU

What will it mean for business and the economy?

The British public have spoken and made clear that they see the UK’s interests best-served by leaving the European Union.

24 June 2016

As you are no doubt aware, a crucial referendum about EU membership took place in the UK yesterday, in which the British people voted to leave the European Union.

This decision will have substantial political and economic consequences for the European Union and the Belgian private and public sectors alike. Political and financial market uncertainties will be unavoidable. Companies can expect more complexity, and will encounter uncertainty with regard to doing business in/with the UK, employee mobility, and the implications for markets across the EU as the UK prepares to leave.

The UK will have to renegotiate its relations with the EU – a process which could potentially last for years. The business uncertainty and change of regulatory landscape will create challenges as well as opportunities for Belgium-based companies. We are ready to assist you across the range of business issues that will arise, on a variety of topics affected by the new situation (tax, trade and investment, free movement of people and goods, competitive landscape, operations and communication). In particular, we can work with you to deliver:

  • Brexit business simulations to explore different Brexit scenarios and their impacts on your markets, business models and strategies;
  • Impact assessments – both functional- and product/sector-specific – combining both regulatory and business aspects, and leading to risk and contingency planning;
  • Strategy development;
  • Brexit programme management.

If you require any further information on any of the issues mentioned above, please do not hesitate to contact us.

Did you find this useful?