EU Referendum – So it’s not about the money

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13 May 2016


Saunderson House200The UK’s net contribution to the EU is £110-135m per week.  This compares to UK public spending of almost £14.5bn per week. Thus, at much less than 1% of UK spending, the cost of our EU membership is not prohibitive.

So, if it’s not about the money, what is it about?  In this note we examine five points of contention around our EU membership: immigration, regulation, trade, sovereignty and, related to the last of these, the direction that the European project is taking.

We then touch briefly on what Prime Minister David Cameron achieved in his renegotiation and consider some broad summary points on the referendum itself.  We then conclude by turning to the possible impact of the referendum on investment markets and hence portfolio positioning.

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Saunderson House is running two seminars on 26 May entitled ‘Brexit: the impact from a legal, economic and investment viewpoint’ at a venue close to Liverpool Street Station in London. For more details please click here



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Joint (ad)ventures in the legal sector

Nigel Wallis lo res

We all know that nothing in life is certain. As the actor, director and philosopher Clint Eastwood once said: “If you want a guarantee, buy a toaster.” He also said he’d tried being reasonable and didn’t like it. They should teach this kind of philosophy in law school. One thing in life is reasonably certain though. If you’re a law firm worth your salt, at some point you will be approached by another entity (most probably a work introducer) with a whizzy idea to ‘partner’ with you to ‘help you accelerate your growth’. In commercial speak this means, ‘we’d like to keep feeding you work but we’d also like to share in your profits’. The arrangement may be pitched to you as a joint venture – a win-win no less.

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