Brexit Press Release

IRRV Statement from the President

You will already be aware that the United Kingdom (UK) has elected to leave the European Union (EU). It’s an historic decision for the UK and Europe. After 43 years, the British public has decided to sever ties. Whichever way you look at it, it’s a shock outcome that will profoundly alter the political, economic, and financial landscape for the UK and the EU. This move will undoubtedly have significant consequences for public services.

As the main professional body for valuation, benefits, local revenues and property taxes, the Institute is ready to offer what help it can to assist central and sub national government through this difficult time. The immediate aftermath of the vote will likely see unpredictable shifts in the economy, which will impact on the delivery of local services. Although these initial shockwaves will be limited, the long-term outlook remains uncertain.

Although an unprecedented situation, provisions do exist in treaties to allow for a stable transition. It is the Prime Minister's wish that the transition is controlled and spread over a two-year period. The IRRV will make itself available to support the Government to ensure the interests of our professional community are properly represented. We will ensure the membership is kept informed and made aware of the implications of the decision making process. The Institute also recognises the special situations that prevail in Scotland, Wales and Northern Ireland and we will endeavour to work with the devolved administrations to assist them in their unique challenges.

We know this will be a matter of the highest concern for all those who are responsible for delivery of vital professional services that support both the public and private sectors. Please be assured that the IRRV is geared up to support the professions through the transition period as it will be ready to play a pivotal role in getting arrangements right for the future.

There are many issues that will affect the day-to-day roles of the membership. There are, for example, 80,000 pages of EU law. Whilst the EU Directives would no longer be binding, we will have implemented them in UK laws. Those laws will stand until we change them.

Much local government regulation currently applicable in the UK derives from EU legislation. These regulations will remain applicable until any changes are made, which will be a matter for Parliament. Local Government must continue to abide by their obligations under UK law, including those derived from EU law, and continue with implementation plans for legislation that is still to come into effect.

Consumers’ rights and protections, including any derived from EU legislation, are unaffected by the result of the referendum and will remain unchanged unless, and until, Government changes the applicable local government legislation.

The longer term impacts of the decision to leave the EU on the overall delivery of public services for the UK will depend, in part, on the relationship that the UK seeks with the EU in the future and you can be certain that the Institute will be at the forefront of any issues that impact on our membership and stakeholders.


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