Following the dramatic events of the last few weeks, which saw the appointment of both a new Prime Minister and a new Chancellor in the wake of the EU referendum result, many of our clients will be wondering what the changes will mean for UK tax and economic policy. This month we explore some of the possible consequences of Britain's vote to leave the EU. Meanwhile, new research suggests that many employers have chosen to increase prices rather than cut jobs in response to the National Living Wage (NLW). However, the Federation of Small Businesses has called on the Low Pay Commission to take small businesses' concerns into careful consideration when recommending the NLW rate for 2017 Brexit