Policy Snapshot January 2018
Hello and Happy New Year from BAB Policy!
Whether it be the ongoing Brexit negotiations, exciting developments around the UK-US trade and investment talks, new paths in US trade policy or domestic issues, there is no doubt that 2018 promises to be a crucial year for transatlantic businesses. We look forward to working with all our stakeholders from the transatlantic community in the year to come to deliver input, insight and influence.
In January, the EU Commission approved its guidelines for Phase 2 of Brexit negotiations. Prime Minister Theresa May and President Donald Trump had their first one to one meeting of the year in Davos. And the US President delivered his State of the Union to a joint session of Congress, focusing on the recently passed tax reform, future economic reforms and trade policy.
Many of these issues were integrated into our active January programming at BAB and the wider network. In London, leading company representatives celebrated the strength and stability of the transatlantic economic relationship, together with the United States Ambassador to the United Kingdom, Robert Wood Johnson IV, and enjoyed one of the first events on US tax reform - check out further events on the topic to follow in New York and Philadelphia.
As we enter February, watch out for two relevant publications to be launched: 'Across the Pond - British Trade & Investment Success Stories in the US' and the BritishAmerican Busines Policy Agenda 2018 'Strength and Opportunity in a time of change', our flagship policy publication that sets policy priorities of the transatlantic business community in the year ahead.
If you would like to work with us on transatlantic policy, email the
BAB Policy Team
.
BAB Policy Team
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Events, Meetings & Initiatives
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BAB hosts US Ambassador in Annual Parliament Reception
BAB held its Annual Parliamentary Reception with the US Ambassador in the Speakers Apartments in Parliament. The reception saw transatlantic business leaders and parliamentarians join the Ambassador and a delegation from the American Embassy in London to discuss the UK-US relationship covering all areas from energy, defence and economics.
BAB would like to thank sponsors BP for making the event possible as well as the British American Parliamentary Group for hosting.
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Duncan Edwards, CEO of BritishAmerican Business (left) and Bridget Walsh, Global Head of Transaction Tax, EY.
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BAB and EY hold Expert Briefing on US Tax Cuts and Jobs Act
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BAB partnered with BAB member EY to host the first expert briefing in the UK on the US Tax Cuts and Jobs Act.
Over 100 attendees joined the breakfast briefing which featured a panel moderated by Bridget Walsh, Global Head of Transaction Tax at EY with insights provided by Jeff Hecht, Partner of Global Private Equity Tax Leader (New York), EY, Gerald Whelan, Private Equity Tax Principal (New York), EY, Professor Iwan Morgan, Professor of US Studies, University College London and Emanuel Adam, Director of Policy and Trade, BritishAmerican Business.
The sweeping reform is a complete rewrite of the US Tax map. The speakers covered the headline changes in the bill which will affect business, what the implications will be for the US and global economy as well as the reaction from transatlantic business.
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BAB welcomes College of Charleston MBA Delegation
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The BAB Policy Team welcomed a group of 24 MBA students from the College of Charleston at the start of January. Director of Policy and Trade, Emanuel Adam, gave a presentation on how businesses try to forecast and make strategic decisions in a time of uncertainty, as presented by change in policy direction by the US Administration and the uncertainty surrounding the UK's departure from the EU.
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BAB to launch Across the Pond, UK in the US on Capitol Hill
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BAB is delighted to announce the launch of our publication, Across the Pond, British Trade and Investment Success Stories in the US is taking place on Capitol Hill on Wednesday February 7.
The reception will feature representatives from the UK companies featured in the publication as well as the American companies featured in the UK facing edition released in 2017.
Speakers include Anthony Phillipson, Her Majesty’s Consul General in New York and Director General of International Trade North America.
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BAB Director of Policy on Transatlantic Relations in 2018
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BAB Director of Trade and Policy, Emanuel Adam, wrote a short think piece on what 2018 holds for transatlantic policy. He argues that in light of a new transatlantic trade environment, it can be mission and opportunity for transatlantic policy thinkers to accompany and support a new chapter in UK-US economic relations.
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BritishAmerican Business and BritishAmerican Business Council Events
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Join
BritishAmerican Business New York on February 7,
for a special expert briefing on the new US Tax Cuts and Jobs Act, focusing on
T
ax Reform – Understanding The Impact To Mobility and Rewards Programs.
The event is kindly sponsored by
Deloitte
and will feature a panel of expert speakers focusing on how tax reform may impact the overall costs of companies managing global workforces and providing rewards programs to employees, and perhaps surprisingly, may even result in an increase in costs.
Full details and registration:
here
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British American Business Association,
Washington DC are hosting a
Networking Luncheon with the First Minister of Wales
, Rt. Hon Carwyn Jones AM on Monday, February 26 at the Eversheds Sutherland
700 Sixth Street, NW Suite 700
Washington, DC, 20001.
The reception will offer an opportunity to discuss with the First Minister the Welsh Government’s perspective on trade, investment and the political climate in Wales, UK and the U.S.A.
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British American Business Council Philadelphia
is hosting with the
US Commerce Service
on the new EU General Data Protection Register.
The session will be an opportunity for attendees to
find out about all things GDPR
including how GDPR will effect their business and what businesses need to do comply.
It takes place on Wednesday February 14 in downtown Philidelphia.
Full details and registration:
here
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Join
British American Business Council, San Francisco,
on
February 12
for their
Bizwomen Mentoring Monday
(Hosted by Corporate Member San Francisco Business Times).
The event will offer the opportunity to choose from over 40 mentors who are the most influential women in the business community for one-on-one coaching sessions for seven minute conversations.
Full details and registration
here
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Thank you for reading this month's Policy Update. If you have any feedback or comments,
BritishAmerican Business provides the official policy support to the British American Business Council (BABC). With that, BAB Policy work supports and represents more than 20 chapters and their members in major business centres throughout the UK and North America.
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