Scottish Firms Focus On Brexit Opportunity
22 August 2016
Two months after the referendum, Scottish businesses are thinking about the opportunity provided to them by the result says James Goodman, the Accounts & Business Services Partner at Consilium Chartered Accountants in Glasgow.
" 'Brexit means Brexit' has been one of the quotes of the summer, but I've been speaking to our clients about what it actually means for their businesses" James told our Practice Recruitment Manager Fiona Cairney recently. "They are looking for some clarity as to what what Brexit will mean to them practical terms. They are concerned in particular about access to the EU and international markets and the recruitment & retention of EU nationals."
Unsurprisingly though Scottish companies are moving to take advantage of the opportunities that may be created. "Scottish businesses across a wide range of sectors already trade very successfully on a global scale. For this to continue we now need government at a Scottish and UK level to listen to the concerns of business and negotiate an exit from the EU that allows businesses and the economy to flourish."
There are signs that the initial impact is not as severe as first thought. A survey by EY released today indicates that financial services firms feel "the immediate impact of the referendum has not been as stark as many initially feared." But they share James thoughts around passporting rights and the impact this may have on their workforce.
And the big question is when. James would like to see news on this as soon as possible. "A lack of any concrete answer around this is not helping any fears that my client still have. Once we have this, then real plans can be put in place to ensure business disruption is minimal."
James Goodman is Partner of Accounts & Business Services at Consilium Chartered Accountants in Glasgow. He has spent his entire career advising owner managed businesses and this experience, backed up by the team of experts at Consilium, ensures he is able to offer the best possible advice to clients.
Written By Fiona Cairney