As Brexit draws closer, the scrap within the Cabinet over whether a form of customs union should or should not be in place rages on.
For finance directors, trying to second guess the outcome of this debate in the Brexit Committee- where Brexiters outnumber Remainers 6 to 5- is becoming more and more of an ordeal.
After all, planning ahead for the medium to long term in any meaningful way can’t happen for many FDs when what form our trading relationship with the EU will take has still to be decided.
Turning to why the referendum vote went in favour of Brexit, the desire of many to see a change in how companies are run and for who, has been identified as a powerful undercurrent.
Partly as a backlash against the events of the financial crisis- which plunged the country into austerity despite taxpayers spending tens of billions bailing out banks- there has been an increasing appetite to see workers given some form of representation on boards.
When Prime Minister Theresa May floated the idea it didn’t seem so strange given that many of the most successful European companies feature worker representation in some capacity.
The TUC is pushing for this approach to be included in the new UK corporate governance code, arguing that workers’ representation on boards will contribute to a more long-termist and more productive approach.
Once Brexit kicks in, references to the productivity gap between the UK and other leading economies- including a number in the EU are likely to become increasingly salient.
At that stage, any form of innovative thinking to close the gap must be put on the table.