London businesses confident for a post-Brexit future despite politics of immigration, finds Howard Kennedy survey
Businesses in London believe that the political rhetoric surrounding immigration is damaging business prospects at a time when businesses are feeling ever-more confident about their post-Brexit future.
The survey was conducted at the first event of 2017 of the LB Business Network, held on 18 May, arranged and hosted by law firm Howard Kennedy at its offices at Number One London Bridge.
The LB Business Network was established 12 years ago by Louise Bennett, Partner and Head of Commercial Litigation at Howard Kennedy. The Network has members representing a diverse range of businesses including banking and finance, property, business owners and entrepreneurs, accountants and solicitors from central London. The Network holds monthly breakfast meetings with three larger conferences a year.
Delegates were asked if the politics of immigration is damaging UK businesses – 63% agreed, with one-third disagreeing.
Delegates were also asked if the UK will be a more attractive destination for business post-Brexit – with 59 per cent agreeing and 39 per cent disagreeing. Anecdotal evidence from delegates suggests more overseas businesses are looking to establish UK operations before Brexit negotiations conclude.
Delegates were unanimous (92%) in agreeing that London will remain the first choice for high net worth individuals and investors now and once a Brexit agreement has been reached.
Louise Bennett, Partner and Head of Commercial Litigation at Howard Kennedy, said:
“The business community in London continues to face considerable uncertainty, yet individual businesses are more confident about their post-Brexit future than ever before.
“There was amongst delegates at the LB Business Network a real hunger to better understand immigration. Businesses and senior management teams are concerned that it is and will become increasingly difficult to move people in and out of the country, and that at a time of considerable uncertainty, is a worry.”
Speakers at the LB Business Network were Claire Collins, Buzzacott Chartered Accountants; Neelai Patel, Fiduciary Management Services; Antonia Torr, Immigration solicitor, Howard Kennedy; and Emily Mailer, Private Client solicitor, Howard Kennedy.
For more information, to join the LB Business Network, or to attend the next event on 14 September email Louise Bennett at firstname.lastname@example.org.
Howard Kennedy has 53 partners and numbers 350 people in total and works alongside national and international clients across many disciplines, including banking, corporate and commercial, family, finance, employment, dispute resolution, intellectual property, private client, real estate and tax. Howard Kennedy has particular focus on the Financial Services, Media and Technology, Real Estate, Retail and Leisure, Sports Individuals sectors, and, through HK One, the firm’s legal concierge service for high net worth individuals with complex legal needs.
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Daryl Atkinson, Business Development & Marketing Director