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by GK Strategy 27th January, 2017
2 min read

creativity in a crisis

A business-like Brexit. If you don’t ask you don’t get.

The objective behind the Prime Minister’s speech last week was to start providing some clarity on her vision of Brexit. Of course, there are many unanswered questions, but as potential endgame scenarios and key negotiating positions gradually become clearer, the business community is starting to look for, and indeed ask for, silver linings.

The Department for Exiting the European Union has split the UK economy into 51 sectors and is compiling a wishlist of business demands to inform both the negotiating process and the anticipated realignment of the UK’s regulation and tax base once outside of the EU. The requests of each sector vary, from wanting to retain market access and/or existing EU regulation frameworks, requests to tear up or amend stifling EU regulation and tax reductions.

HM Government is in listening mode and is keen to lend all the support it can to UK industry as it adjusts to the new Brexit reality. The Treasury never likes to reduce taxes, especially with the current structural deficit, but we are sensing a softening of attitude as HMT recognises that the UK economy must take advantage of the nimbleness and flexibility it has been denied for a generation.

Based on the conversations our clients are currently having with Government, now is the time to start engaging. This will be a long process, but ensuring that the industry’s demands are heard and prioritised is in all our interests.

For more information about our public affairs capabilities, please contact luke@gkstrategy.com

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