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Brexit: Will UK companies be debarred from EU public contracts?

Overview

Recent headlines ("Macron wants British firms frozen out of EU contracts (£)") could have caused a few CEOs to splutter over their cornflakes or croissants. Such a move would provoke a tit-for-tat battle that would impact public service companies and the delivery of public services across Europe.

Currently public tendering throughout the EU is ruled by a range of EU legislation (public procurement) aimed at ensuring an open marketplace for public services, with no discrimination and a level playing field. At stake is a 250 billion Euro market for the EU27 and a 100 billion Euro market for the UK, according to a recent EU study.

In reality the outlook for UK and EU27 business in this important market is less bleak.

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