View more on these topics

Brexit minister admits sector impact assessments don’t exist

Brexit minister David Davis has admitted that impact assessments across a number of sectors do not exist, despite being promised to parliament.

Davis had previously refused to release its internal studies on the impact of Brexit, but said there was analysis of 58 sectors, including asset management, banking and fintech.

He said at the time sectoral analysis was useful because it provided a structured approach to economy-wide analysis and reflects the way businesses and stakeholders organise themselves.

However, following a unanimous vote by MPs to make the analysis public, Davis admitted in a letter to the chair of the Exiting the European Union committee “it is not the case that 58 sectoral impact assessments exist.”

The letter was published by the committee on Monday.

FCA readies itself for EU withdrawal

“It is a wide mix of qualitative and quantitative analysis, contained in a range of documents developed at different times since the referendum,” Davis told Hilary Benn.

Therefore, Davis argues, it will take time for the committee to collate.

The information examines the nature of activity in the sectors, how trade is currently conducted and considers the alternatives after the UK leaves, plus looks at existing precedents.

Davis also calls for a meeting with Benn for reassurance that the information that the department holds does not enter the public domain.

Davis has been given until Tuesday to release his department’s analysis of Brexit’s impact on the UK industry.


Govt withholds details of Brexit impact on asset managers

The Government is refusing to release internal studies on the Brexit impact on 58 industries, including asset management and other sectors within financial services. A letter from Brexit minister David Davis in response to the House of Lords EU external affairs sub-committee argues that doing so would weaken its negotiating hand. “We will not publish anything that […]

MEP: Asset managers are making ‘no deal’ Brexit plans

Firms say they will finalise plans to move capital and staff across Europe by Q1 2018 Asset management firms expect to have their post-Brexit contingency plans in place by the first quarter of next year, despite fears of a lack of a deal between the UK and the European Union, a Member of the European […]


EU asset managers expect to leave UK following Brexit

Less than half of the EU-national asset managers working in the UK plan to continue doing so after Brexit, a survey by the Chartered Financial Analyst Society shows. According to Bloomberg, 42 per cent of EU nationals said they would stay in the UK, 16 per cent said they were already planning to leave and […]

Govt eyes 2,000 more staff to deal with Brexit

The Government is trying to stop its resources being overstretched by Brexit as it looks to take on another 2,000 staff. While civil service headcount has already gone up by 1,500 since the referendum vote, ministers are each now vying for a cut of additional personnel being brought on board, according to the Financial Times. […]

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. What a load of lying twerps. First we read that these assessments do exist, then they don’t want to publish them (no guesses why) and now the don’t exist.

    If in fact they don’t exist that is an even greater indictment of this pathetic government and their inept Brexit plans – or should that be lack of plans?

Leave a comment