The UK’s impending departure from the European Union will bring change for businesses of every size and sector.
While some companies are already planning for the challenges and opportunities ahead, Chambers of Commerce believe that all firms – not just those directly and immediately affected – should be undertaking a Brexit ‘health check’, and a broader test of existing business plans.
Time spent thinking through the changes that Brexit may bring to your firm could yield real dividends in future.
While the final settlement between the UK and the European Union is still to be negotiated, there are steps that businesses of all sizes can take now to start planning ahead.
Recent Chamber surveys have asked:
Have you/your management team devoted time to considering the potential consequences of Brexit – direct or indirect – on your businesses?
If you have one, have you consulted with your Board of Directors on Brexit – or scheduled an opportunity to do so?
Have you mapped your supplier and customer base – and considered how changes in the UK-EU trade relationship could affect them?
The checklist below has been prepared in response to the findings, which suggest that a significant
The BCC has also published the two-dozen top real-world questions being asked on Brexit by businesses across the UK, where clarity is urgently needed so that firms can plan their trade following the UK’s departure from the EU.
As negotiations progress, Chambers of Commerce will be assessing progress against these questions. To date, businesses have had some assurances on the status of EU nationals in the UK workforce and on the industrial standards regime – hence the ‘amber’ ratings for these two issues.