The UK appears continued on course to a harder' Brexit that originally assumed in the immediate aftermath of the referendum. The November 2016 Brexit Risk Report examines the political and business landscape in Britain in the wake of the Conservative Party Conference. Prime Minister Theresa May indicated that the government would seek to control immigration, a pledge likely to preclude full single market membership. The conference provoked a sharp sell-off of sterling, raising import prices for UK businesses and consumers.
Meanwhile in the judicial system, a case in the High Court in mid-October, challenging the government's ability to trigger Article 50 of the Lisbon Treaty, has increased the risk of delay and a parliamentary impasse. Such a blockage could ultimately force the prime minister to call an early general election to enable her to pass necessary legislation to enable Brexit to occur.
In the business community, the October announcement by car manufacturer Nissan that it would remain in the UK and boost investment was warmly welcomed. However, it has provoked questions around what assurances the government has offered the company. The government claims that no financial incentives have been provided - these would likely fall foul of WTO rules - but there are some indications that the prime minister could be considering a sector-by-sector approach that attempts to provide tariff-free access to the single market for some key industries.
Key Topics Covered:
1. Executive Summary
2. Political Outlook
3. Withdrawal Process and Negotiations
4. Economic and Business Implications
For more information about this report visit http://www.researchandmarkets.com/research/s5j44k/brexit_risk