The UK exited the European Union on January 31, 2020. A business-as-usual transition period now follows as negotiations to establish a future relationship beyond December 2020 take place.
If these talks fail to produce an agreement, a ‘no-deal’ Brexit is still possible in December 2020. Time spent thinking through the changes that Brexit may bring to your firm could yield real dividends in future. There are steps that businesses of all sizes can take now to start planning ahead.
The checklist below relates to possible changes flowing from Brexit that your business may need to consider. It has been prepared in response to BCC research on business preparation, and in response to member queries and the information available from government.
We hope you find it useful as a basis for business planning at both operational and Board level.
The UK Government has advised firms to prepare for a ‘no-deal’ exit from the European Union. In order to plan for that unwelcome possibility, firms of all sizes and sectors need to understand exactly what conditions they will face and how to prepare their operations to be ready for day one of the UK’s departure.
Communication can be key to thriving on the international stage and that's why we support members with the Chamber Translation service, a cost-efficient means of translating important commercial documents.
A full range of translation and interpreting services are available including translations in over 100 languages, native language support, liaison and ad-hoc interpreting and even conference calls and voice-overs.
For more information please call the International Trade team on 01444 259 259
Help your business to save money and manage foreign exchange risk. Chamber Foreign Exchange, in partnership with Moneycorp, offers competitive exchange rates, free online currency accounts, reduced transfer fees and fast, online transactions. Add practical advice and a free foreign exchange health check of your FX requirements to see your business capitalise on currency fluctuations and save money on every transaction.