Brexit: reshaping today's interactions within a new framework

The result of the UK’s referendum has already led to considerable market turbulence with commentators predicting more to come.  Indeed, the vote itself has presaged a period of sustained uncertainty as the political, legal and indeed business implications are debated - with little hope for concrete answers in the near-term.



"In this period of uncertainty, every business needs to consider what Brexit could mean.  Scenario planning, taking the latest developments into account, will be vital as the landscape continues to evolve across the whole spectrum of concerns for business – from people policy to passporting of goods and services to name but two.  We have been actively supporting our clients with their readiness plans and now as they start to digest what Brexit could mean.  The impacts will vary enormously and we advise organisations in any event to continue to focus on their growth strategies while developing options to manage the challenges and opportunities ahead.

The interplay between business and politics -commercial activity and the regulatory framework around it- will inevitably be made more complex by these events.

Such periods of change bring opportunities as well as dangers. Careful and well informed revisions in your strategy may be necessary.

At PwC  Luxembourg we stand ready to help you in that process. We have a dedicated Brexit team, plugged into our global network, with the latest strategic, operational and technical insights together with expert opinion on likely trajectories, political, legal and financial.

Over the coming months and years, what our clients need is stability - an environment they can rely on to grow their business.

Luxembourg and the UK have a long history of working together to mutual advantage: that is going to continue. Solutions that work will need to keep this in mind -this is not about taking business from the UK, but about building a new way of working together."

John Parkhouse, CEO & Territory Senior Partner PwC Luxembourg, on the consequences of Brexit.

At PwC Luxembourg, we stand ready to help you in that process. We have a dedicated Brexit team, plugged into our global network, with the latest strategic, operational and technical insights together with expert opinion on likely political, legal and financial developments.

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"Over the coming months and years, what our clients need is stability - an environment they can rely on to grow their business.  Luxembourg’s business friendly and stable environment in the heart of the EU together with its strong global linkages provides a compelling part of any Brexit solution."

Explore our insights


The key things to think about after Brexit...

Sterling movements (especially short to medium term volatility)
Regulatory changes impacting capital efficiency and cost
Additional administration e.g. new customs requirements
Changes in routes to markets - physical and virtual
Forced changes in your business models e.g. locations, effectiveness of branches and subsidiaries
Will staff be able to move as freely within your group of companies; what will be the impact on their incomes?
Taxation changes - corporation tax; VAT; custom duties
Legal issues - e.g. invalid contract clauses

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Contact us

José-Benjamin Longrée
Market Leader
Tel: +352 49 48 48 2033
Email

Matt Moran
Brexit Taskforce Leader
Tel: +352 49 48 48 2071
Email

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