August 16, 2016 | less than a minute read

Brexit estimated to cost £5bn in professional fees from the UK government alone

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Tom Elgar

Co-founder

Get in touch

Tom Elgar

Co-founder

If the government's Brexit plans appear at first sight to be a three-ministried omni-shambles then a second glance will not help.

Against the backdrop of a plan with no actual plan, the prospect of a mere £5bn for the UK's legal and consultancy sectors to sort out the mess almost seems like good value.

The question, of course, is which of the eligible firms will position themselves best to take advantage of this unfortunate windfall.

A whole Brexit industry is springing up, with Whitehall ready to pay up to £5,000 a day for lawyers and £1,000 for management consultants. Insiders estimate that the additional salaries alone will amount to at least £5 billion over the next decade. It’s not just the new departments that are recruiting. The Treasury is advertising for an expert to lead its Brexit negotiations on financial services. Defra will need experts to negotiate deals for farmers and fishermen. The global budget is also spiralling.