articles: Brexit

Brexit – what does it mean to our staff?

Between 21 July and 4 August Moore Stephens ran a survey of its 104 London personnel who are citizens of EU27 countries. The survey was anonymous, asking some specific questions, including whether they were more likely to stay in the UK or to go as a result of the Brexit vote, while also allowing respondents to explain their views.

Tech sector’s post-Brexit concerns

Before the Brexit referendum in June 2016, the UK tech sector was clearly in favour of staying within the European Union. A pre-vote survey among tech companies found overwhelming support for the Remain position (94%). Of all respondents, 58% said that Brexit would ‘damage London’s position as a global tech hub’, although 24% said there would be little impact.

Post-election Brexit commentary

Given the turmoil caused by the hung parliament that now exists as a result of the 8 June General Election, Donald Tusk, the European council president, and Guenther Oettinger, Germany’s EU commissioner, have both hinted at a delayed start to the Brexit negotiations, which were due to begin in Brussels on 19 June. However, whilst the start may be delayed the end date will still remain the same.

Article 50 – the countdown has started

So, the starting pistol has been fired. With a commitment to trigger Article 50 by the end of March the Government has published its white paper outlining how it will leave the EU and the single market within "two years to the day we submit our notification" - unless there is a unanimous agreement with the other 27 Member States to extend the process.

Brexit – one week on

Last Thursday the British people made (in the Prime Minister’s words) a ‘very clear decision’ to leave the European Union. Last Friday they asked themselves (and each other) ‘What happens now?’ And it turned out that nobody knew. So where are we one week on?