EY - Brexit and Article 50: What’s next for business?

EY Brexit Webcast

Brexit and Article 50: What’s next for business?

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The UK Government invoked Article 50 on 29 March triggering the formal process to withdraw from the European Union. By necessity, Brexit plans must now progress beyond ‘planning for a plan’ – indeed, many of the changes businesses will likely need to implement have long lead times.

Brexit can also be a stimulus for other changes that have been worthwhile but whose benefits were not sufficient on their own. All these areas of change need to be coordinated and delivered in a coherent manner, so what are the critical questions facing business leaders and what should they be doing now?

Whilst the UK moves forward in negotiating new relationships with the EU and the rest of the world, there are concurrent disruptors causing a shift in business models thus responding to Brexit cannot be assessed in insolation.

Our panellists will address:

  • When can we expect more clarity?
  • Will my supply chain and exports be disrupted?
  • How should I work with Government?
  • How will I get access to and attract talent?
  • Is Britain still an attractive place to do business?


EY - James Nicolson

James Nicolson


James Nicolson is a Director in the Ernst & Young LLP (UK) Strategy team focussing on helping clients drive profitable growth through footprint, market entry and portfolio strategies.

James leads our UK Automotive Advisory practice as well as covering TMT, engineered products and diversified manufacturing sectors. He has 17 years’ consulting experience and has lived and worked in the UK, Sweden, France, Hungary and more recently, the Middle East.

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EY - Marc Bunch

Marc Bunch


Marc Bunch is the Partner leading the Ernst & Young LLP Global Trade team in the UK and also leads the Global Trade team in the European Tax Centre. In this role, Marc advises multinational companies on improving their trade effectiveness. He has 23 years of experience that has encompassed supply chain reorganizations, market access, regional and global trade strategies, customs valuation and classification, Free Trade Agreements and trade analytics.

Starting in the UK, Marc spent 17 years in Asia – Tokyo, Hong Kong, Singapore and Sydney. He then returned to the UK in January 2017 to pick up the Brexit challenge. The industries Marc has worked in are varied but include automotive, life sciences heavy industry, mining, telecoms, agriculture, food and beverage, apparel and consumer goods.

Marc earned his Economics degree from Cardiff University and is a UK Chartered Accountant.

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EY - Richard Milnes

Richard Milnes


Richard Milnes is an Ernst & Young LLP Financial Services International Tax Partner in the UK, focusing on the banking sector. Richard is recognized for his expertise on the taxation of banks in the UK, and has extensive experience on UK and international corporate and transactional structuring from a tax perspective, especially for banks and other financial services groups.

Richard has more than 22 years of experience as a tax professional.  Richard joined EY in 2009, having worked at Lloyds TSB in a senior group tax role and in the structured finance business. Previously, Richard also held various international tax roles at Shell.

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EY - Matthew Watt

Matt Watt


Matt Watt is the Partner leading the consultancy element of our Ernst & Young (LLP) UK People Advisory Services practice in the UK and Ireland. He has a particular focus on mobilising large programmes of change and on organisation design.

Matt has 16 years of experience as a consultant and prior to that worked in industry. He has an MBA with Distinction from Manchester Business School and a Masters degree from Cambridge University.

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EY - Mats Persson

Mats Persson


Mats is Head of International Trade at Ernst & Young LLP (UKI) and a core member of the International Trade, Economics and Policy (ITEP) unit. He works with clients across sectors - including energy, manufacturing and retail – and assists them in responding to the changing trade and policy landscape.

Mats has more than a decade of experience analysing, influencing and writing policy for governments and advising business. He is one of the UK’s leading experts on EU policy, Brexit and EU-UK relations.

Before joining EY, Mats was a Special Advisor to the former UK Prime Minister, based in 10 Downing Street and a senior member of his EU negotiation team, here he supported and briefed the PM in bilateral negotiations with EU leaders and at European Councils and helped to design and lead Number 10’s and the PM’s European engagement programme. Matts also helped negotiate and deliver individual EU legislative files including labour rules and single market legislation. Mats managed a series of cross-government work streams.

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EY - Rebecca Rayner

Rebecca Rayner


Rebecca Rayner is the Leader of the Ernst & Young LLP (UK) Operating Model Effectiveness practice. In this role, Rebecca leads the direct tax, transfer pricing, indirect tax and legal input to large scale business reorganization projects. She has 16 years’ experience in advising clients on all aspects of international taxation, including 8 years leading OME and supply chain projects.

She has also lived and worked in a number of EMEIA countries as part of EY’s OME EMEIA network. Working across sector, she has worked with several clients in the consumer products, industrial products, telecoms and energy industries.

Rebecca earned her Law degree from University College London, and is a UK qualified Chartered Accountant.

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EY - Marc Lhermitte

Marc Lhermitte


Marc Lhermitte is the Global Leader of Ernst & Young LLP’s International Location Advisory Services, Marc has more than 25 years of experience assessing the competitiveness and attractiveness of countries, regions, cities and sites as well as advising multinationals in their site selection strategies.

He leads EY’s EMEIA initiatives on geopolitics, including Brexit. For the past 20 years, Marc has coordinated EY’s “Attractiveness” surveys, interviewing more than 5,000 business leaders every year on their investment plans and perceptions globally.

Marc serves on the board of the Europe + Foundation and is a member of the European Executive Council.

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EY - Chris Sanger

Chris Sanger


Chris Sanger is the EY Global Tax Policy leader, focusing EY professionals on how to engage strategically with policy makers. He is a member of the Exchequer Secretary to the Treasury’s Forum of Tax Professionals, from where he advises on the making of UK tax policy.

Chris is a Chartered Accountant (FCA), a Chartered Tax Advisor (CTA), holds a first class degree from Oxford University, and has an MBA (with distinction) from Warwick Business School.

Chris is the immediate past Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW), Chairman of the ICAEW’s Tax Policy Committee and the Chartered Institute of Taxation’s Management of Taxes Committee and a member of the Tax Law Review Committee of the Institute of Fiscal Studies. Chris is also founding Chairman of the Tax Committee of the Alternative Investment Management Association.

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