The UK Chooses Brexit - Considerations for Companies

By SME Insurance

Posted 30/06/16

The UK electorate has opted for “Brexit”, mandating the government to begin the process of leaving the European Union (EU). Once Article 50 of the Treaty on European Union has been invoked, there will be a significant transitional period (possibly two years) in which the UK government will negotiate with the European Council on the terms of the withdrawal. It is possible that the establishment of trade agreements with non-EU countries will take even longer.

In the light of considerable uncertainty, companies will need to monitor the negotiations closely, factoring the impact of different regulatory and market scenarios into their investment plans. These should appreciate possible opportunities as well as challenges. Leaders will also need to communicate effectively with their employees, who will want to understand how they might be affected. Below we set out some of the key areas for attention as a clearer picture of future arrangements emerges.

Click here to read the full report

Posted 30/06/16

Author: SME Insurance

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Quotes from a panel of UK Insurers