Brexit global insights

The UK has formally begun the process of leaving the European Union.

We are committed to supporting business and governments around the world understand the issues, and manage the opportunities and uncertainties that Brexit will bring. You can find our our insights and expert opinion here.


Themes

We have identified three overarching global themes from the UK’s decision to exit the European Union, all of which impact international businesses and organisations with operations in the United Kingdom and European Union.

People and immigration

The free movement of people has been a cornerstone of the European Union and has played an important role in business in the region. Although nothing will likely change for at least two years, negotiations on the UK's access to the Single Market will impact the immigration status of employees across both the EU and UK in some way. Businesses will need to consider the pipeline of skills and talent within the labour markets their companies operate in, and, in turn, how this impacts medium- to long-term business goals.

Economics and policy

UK economic growth held up better than expected in the six months following the Brexit vote, but this began to ease in early 2017 as inflation has risen, squeezing household spending power. UK growth is projected to slow in 2017/18 due to slower consumer spending growth and the drag on business investment from Brexit-related uncertainty. The Bank of England is likely to keep monetary policy on hold in the short term. Interest rate rises could come back on to the agenda In the UK as the fiscal policy stance gradually tightens.

Trade and customs

The weaker pound should boost net exports, together with the gradual strengthening of the world economy although it is expected that business investment growth will remain relatively subdued in the near future due to uncertainty about the UK’s trading relationships with the EU and other geopolitical uncertainties. The UK and EU negotiations will ultimately decide whether the current free trade area will continue. Businesses themselves may be impacted by uncertainty in the trading environment, and will need to review their financial positions, consider their options and investments, and assess their business relationships with existing – and new – trading partners.


 

Current insights


Brexit: likely negotiations timeline

Brexit is a process not an act, with a long period of negotiation
 


 

"As the Brexit train leaves the station we are working with clients across the world to help them navigate the many twists and turns that the negotiations between the UK and EU will undoubtedly take over the next two years and make sense of the long term opportunities and challenges."

Richard OldfieldGlobal Markets and Services Leader, PwC International

Contact us

Melanie Butler
Partner, PwC UK
PwC's Global Crisis Centre
Tel: +44 (0)20 7804 5158
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Mike Davies
Director, Global communications
Tel: +44 (0) 20 7804 2378
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Emma Thorogood
UK Director of Communication
Tel: +44 (0) 207 213 8593
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