On Monday, March 13, 2017 the British Prime Minister Theresa May received the go-ahead for Brexit from the House of Lords; the UK Parliament had already given its approval. This put paid to the objections filed against Brexit. On March 29, 2017 Prime Minister May will officially trigger Article 50.

What are the implications so far? The British pound has continued to fall after each step toward Brexit. Nevertheless, the impact on the economy does not appear to be too bad, or is this an illusion?

KPMG will continue to follow the next steps during the negotiating process and will update its business relations about the latest developments. We are ready to perform a Brexit impact analysis for your business and to assist you with an effective response, both strategically and operationally.

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