1. Deborah Newberry – Head of Public Affairs
Navigating Brexit
Deborah Newberry – Head of Public Affairs

2. 1. Brexit: How Did We Get Here?

3. Brexit: How Did We Get Here?
Two-year countdown begins: Where is the process now?
The role of the UK in negotiations
The role of EU27 in negotiations
Key dates for 2017/18
Kennedys Law LLP

4. How did we get here? Kennedys Law LLP
The Conservative Party has consistently grappled with its stance on Europe, leading to the EU referendum (2016).
Kennedys Law LLP

5. The role of the UK in negotiations
David Davis ?
Secretary of State, DExEU
“We don’t need to just look like we can walk away, we need to be able to walk away.”
Theresa May
Prime Minister
“No deal for Britain is better than a bad deal for Britain.”
Sir Tim Barrow
UK Permanent Representative to the EU
“The truth is, nobody has done this sort of negotiation before.”
Oliver Robbins
Permanent Secretary, DExEU
“Much of the work we are doing at the moment is to make sure we are prepared.”

6. The role of EU27 in negotiations
Michel Barnier
European Chief Negotiator for Brexit
“If you like walking in the mountains you have to learn a number of rules. You have to learn to put one foot in front of the other, because sometimes you are on a steep and rocky path. You also have to look what accidents might befall you – falling rocks.”
Lead Brexit Negotiator for the European Parliament
Guy Verhofstadt
“We can never, never create a state for the British or any other country outside the EU which is more favourable than being inside the EU.”
Donald Tusk
President of the European Council
"We need to remain united as EU-27. It is only then that we will be able to conclude the negotiations, which means that our unity is also in the UK's interest."
Didier Seeuws
Head of EU negotiators “Brexit taskforce”
“He [Seeuws] understands the task will be very difficult, but he will certainly try to get a good compromise.”
Kennedys Law LLP

7. The role of EU27 in negotiations
Kennedys Law LLP

8. Soft Brexit vs Hard Brexit
“BEST BREXIT”
“HARD BREXIT”
Access to the single market
No tariffs on trade
“Passporting”
Payments to EU programs
EFTA Court
European Court of Justice
“Four freedoms”
No single market access
No customs union
Full control over UK borders
Full control over trade deals
WTO terms if no trade deal agreed
Short transitional period

9. Is no deal better than a bad deal?

10. Is no deal better than a bad deal?
“But we can never, never create a state for the British or any other country outside the EU which is more favourable than being inside the EU. Otherwise there’s no point to the EU. There must be an advantage to being a member of the EU and that’s the foundation of the mandate for the negotiations for the commission and the EU Parliament.”
“There were 48 per cent who voted against Brexit and of those who voted for Brexit, the other 52 per cent, they did not all vote for a hard Brexit, for a brutal exit. We must find another balance with the British, I think we will arrive at it.”

11. Key dates for 2017/18 22 May 2017 EU27 approves negotiation directives
8 June 2017
UK general election
19 June 2017
Queen’s speech and State Opening of Parliament
7 July 2017
Inauguration of Estonian Presidency
24 September 2017
German federal elections
13-15 October 2017
IMF Annual meeting
19-20 October 2017
European Council Summit
14-15 December 2017
European Council Summit
6 November 2018
US midterm elections
March 2019
Deadline for UK to complete Brexit

12. 2. Business Impacts

13. Business Impacts Business concerns and pressures
Financial services concerns
Insurance concerns
What are the Brexit opportunities?
Kennedys’ response
Kennedys Law LLP

14. Business concerns & pressure
Business Concerns and Pressures
DATA SECURITY
GOVERNANCE
Business concerns & pressure
SKILLS
FUTURE TRADE DEAL
MARKET ACCESS
EQUIVALENCE
TALENT
STATE OF THE UNION
CYBER-SECURITY
DIGITISATION

15. Developing Financial Services Concerns
FS:
CHANGING CONCERNS
PRE-BREXIT
BREXIT
NOW
ACCESS TO TALENT
CONSISTENT GLOBAL STANDARDS
REGULATORY AGENCY COOPERATION
STAFF RELOCATION
CROSS-BORDER MARKET ACCESS
REGULATORY BURDEN
PASSPORTING
MIGRATION TARGET: “TENS OF THOUSANDS”

16. Insurance Concerns

17. Changing value in the pound New approach to government spending
What are the Brexit opportunities?
Changing value in the pound
New sectors arising
New approach to government spending
Trade deals

18. What is Kennedys doing?