RSM presents US perspective on a post-Brexit UK

World renowned economist and author Joe Brusuelas from RSM US recently presented to a room of over 100 leaders of Midlands businesses, alongside RSM UK’s Brexit lead partner Simon Hart.

Hosted by RSM and TheBusinessDesk.com, the seminar sought to present a ‘US perspective on a post-Brexit UK’. Since last year’s referendum in contrast, much of the debate has focused on the implications from a UK perspective. Businesses across the Midlands, and indeed around the rest of Britain, have been grappling with what Brexit will mean for them. How a post-Brexit world is viewed outside of Europe and what new potential opportunities may exist remain largely unknown.

Both Joe and Simon explored the UK, US and global perspectives on current Brexit negotiations and suggested what business leaders should be thinking about to leverage new opportunities.
Among other issues, Simon attempted to untangle the existing political framework that defines the EU, whilst Joe shed light on the prospects for the UK’s future trading relationship with the US.

The seminar also gave attendees a chance to hear a more measured prognosis on what is happening in the real economy in the US away from the distractions of White House politics – and what the prospects of success are for President Trump’s ambitious tax reforms, the ripples of which may well reach UK shores.

Simon, also well known to many in the Midlands business community having previously held the role of regional managing partner in Birmingham, revealed the findings of RSM’s latest quarterly Brexit monitor looking at how local businesses are adapting and preparing for the post-Brexit environment.

Simon Hart said:

‘Despite the political challenges, businesses remain relatively confident about the government’s ability to deliver a good deal and sentiment towards the longer-term impact of Brexit appears to be becoming marginally more optimistic.

‘We’re also seeing a decline in the polarisation of opinion over the impact of Brexit on the economy as we move further away from the referendum. There are clearly many unanswered questions regarding our future trading relationships with the EU and other global markets. However, the latest results of our survey suggest that perhaps businesses are taking a more pragmatic view of what could lie ahead and are taking steps to adapt and emerge stronger post-Brexit.'