In our previous news item, just before the UK Referendum, we were quite positive as to the outcome should the UK vote in favour of leaving. Wealth still needs managing, and will continue to be created, and spent, in all sorts of circumstances. We at Baccata have not seen any slowdown in work or a wish for clients to move geographically away from Jersey or in deed away from Europe.
In the short term we see business very much as usual. Existing clients, existing structures and projects whether commercial or on a more domestic footing, particularly in the line of succession planning involving trusts, will continue. People’s decision-making cannot stop; people need food, shelter and clothing. Business continues whether the UK is in or out of the European Union. The world does not stop.