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Two years since the Brexit vote, business still nervous about the future

2018-06-23 21:37
Business leaders are nervous as the UK prepares to leave the European Union (EU). Prime Minister Theresa May is still trying to strike a deal with the bloc but talks have all but stalled. Tim Sarson, Brexit partner at KPMG, noted his biggest fear. Tim Sarson, Brexit Partner at KPMG My biggest fear, as is the fear of I think a lot of my colleagues and a lot of my clients, is that an accident happens. That through no deliberate sabotage of the process, we end up with no deal because that's the default position and it happens at the last-minute. … I think we really worry about that and we don't have that long to go now. Juergen Maier added that he needed clarity on what customs arrangements would exist with the EU. Juergen Maier, U.K. CEO of German Company Siemens "We just need to know what those customs arrangements are going to be and so far none of what we've seen is practical in the short term. So my key message is we need a real dose of pragmatism, of realism, in terms of what is really achievable given the clock is ticking. The customs union is a duty-free area where there is a common import tariff for non-EU goods. May won a crucial Brexit vote in Parliament on June 20, keeping Brexit on track.