Brexit News

Ready for Brexit is independent and objective. It aims to help businesses and organisations manage the challenges and opportunities that Brexit brings.
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It was obvious from the start that Brexit was going to be messy

Brexit vote

Ready for Brexit was set up soon after the referendum in recognition of the fact that reaching a deal that the Cabinet and the EU could agree on, and that parliament would go on to ratify, was going to be one of the most complicated negotiations ever.

No deal – are you ready to play the real life game of snakes and ladders?

No Deal

Ready for Brexit is independent and objective. It aims to help businesses and organisations manage the challenges and opportunities that Brexit brings. See member benefits  〉 (Shutterstock) We are under no illusions. A no-deal Brexit is now highly likely. We could leave the EU without a deal in less than eighty days. Every player in [...]

100 days until Brexit. There is still time to prepare if you begin today

Brexit checklist

Britain exits the EU on March 29th, 2019. As you can see from our ticker, that is just 100 days away and counting. We still don’t know what form it will take. Right now, the UK exiting with no deal is the default position.

Is your No-Deal Brexit Survival Kit at the ready?

No deal Brexit survival kit

The vote on the Withdrawal Agreement has been postponed. The Brexit uncertainty continues. We’re close to 100 days until Brexit day and a no-deal Brexit has never looked more likely.

If you’re not familiar with the A to Z of Brexit, now is the time to become enlightened

A to Z of Brexit

Brexit is complicated. And, it is only going to get more so. If you’ve let the ins and the outs of the negotiations pass you by until now, hoping that some clarity would emerge that’s unlikely to happen any time soon.

No Deal is still a very real possibility

No Deal Brexit

The Withdrawal Agreement is not a done deal until it has been ratified by Parliament and this is not a certainty.

Reality is starting to bite, business needs a deal, but it might not materialise

Brexit checklist

Reality is biting. There is a Withdrawal Agreement on the table. It’s not ideal, but the Institute of Directors, the CBI, and the National Farmers Union are among the pillars of industry who have put their weight behind it.

Should you be looking further afield than the EU?

Brexit Checklist

China is being heavily talked up by various trade delegations as a fantastic alternative or supplementary market to the EU. The author of Selling to China: A Guide for Small and Medium-Sized Businesses, Stanley Chau, writes in our latest Analysis piece that trading with China is relatively easy. 

How do you prepare for Brexit when you don’t know what the outcome is going to be?

Brexit checklist

How do you prepare for Brexit when you don’t know what the outcome is going to be? That’s the question that Deborah Price, managing director of British Boxers asked in our latest interview. And it’s one that we can all identify with.

Stockpiling for Brexit is the latest business trend

Stockpiling for Brexit

Companies big and small are now stockpiling for Brexit. No deal is something that none of us want, but it’s an ominous storm cloud that looks increasingly likely to break over our isles.

Time to audit your business’s readiness for Brexit with our Brexsure Brexit audit tool

Brexsure Brexit audit tool

The Ready for Brexit Brexsure audit tool launched this week. Months in gestation, the Brexsure Brexit audit tool has been carefully designed to give a pretty accurate picture of how smoothly your business will sail through Brexit.

The Brexit checklist will ease your Brexit frustration

Brexit checklist

SMEs are getting increasingly frustrated with the continuing uncertainty over the process by which the UK will exit the EU. The large PLCs are throwing millions of pounds at their designated Brexit teams whose goal is to have a contingency plan for every possible Brexit scenario.

Editor’s Note: No sitting on the sofa for DFS suppliers with Brexit

Brexit prep

A footnote within furniture group DFS’s preliminary financial report this week drove home how the Brexit effect will impact on almost every business in the UK in some way. DFS wrote that it hopes that its partner suppliers will increase the near-shore supply of the timber and fabric that they supply them with.

The Government is no nearer to solving the Brexit puzzle. SMEs must prepare for no deal

Brexit puzzle

We knew that unpicking the UK from the EU was always going to be one heck of a puzzle. Sadly the Government seems no closer to solving it. It’s time to take their preparation notes for a no deal Brexit seriously.

The Government’s latest batch of no-deal planning notices is not an easy read. I’ve read them cover to cover…

Ready for Brexit’s mission is to get you through Brexit at minimal cost to your business

Brexit help for SMEs

Once upon a time, soon after the referendum, a bunch of experienced business people began to realise that Brexit probably wasn’t going to be a walk in the park.

It’s time to devise a methodical and organised plan for preparing your company for Brexit

Brexit checklist

Whichever side you stand on in the Brexit debate, the UK’s withdrawal from the EU is a mess. Unpicking decades of regulations that bind the UK to the EU was always going to be tricky. Ready for Brexit was set up in recognition of this.

We are an impartial business advice service …

The big fish are getting ready for Brexit, now the little fish need to rapidly follow their lead

SMEs preparing for Brexit

The latest news on Brexit makes depressing reading. The post-Brexit forecasts predict talent drains, shortages, and hold-ups at the borders. The big fish are publicly stating how they are getting ready for Brexit, SMEs must prepare for Brexit too and there is no time to lose.

This week, we’ve learned about large corporations such as…

Today is the day to put your Brexit plan into action. Don’t put it off any longer

Planning for Brexit

Understandably, many SMEs have put off planning for Brexit until the day arose when they actually knew what they were planning for. Now that the Government has published its first batch of Technical Notices advising what businesses need to do in the event of a no deal Brexit, it is vital that you start planning for Brexit now.

No Deal is a huge deal, particularly for SMEs, Ready for Brexit will help steer you through it

No Deal Brexit

The Government may call it “unlikely”, but that doesn’t mean that SMEs can simply ignore its raft of documents detailing how a No Deal Brexit will impact most businesses, either directly and/or indirectly…

Don’t Act Like A Pawn In The Brexit Waiting Game, Create A Strategy Now

Brexit's impact on SMEs

It’s been over two years since the referendum on Brexit and, as our countdown ticker shows, we’re just months away from our official exit from the EU. Many SMEs have understandably tried to get on with the work at hand while waiting to see what the terms of Brexit would be and how it will affect them.

After all, it’s difficult to prepare for something when you don’t know exactly what you’re preparing for…

This isn’t the place to read about the latest political infighting

Ready for Brexit Editors Note

Ready for Brexit has been set up to help businesses deal with the challenges and opportunities created by Brexit. In particular, we are here to assist SMEs who, unlike the large PLCs, don’t have the resources to create a full-time Brexit planning team.

Could a Hard Brexit be the end of the road for the British car industry?

British car industry

Following last night’s vote, the VDA, the German Association of the Automotive Industry warns that a No-Deal Brexit will be devastating for the British car industry. Anna Tobin reports

Business groups plead with the Government to avoid a No-Deal Brexit at all costs

No-Deal Brexit

Following the Government’s defeat on the Meaningful Vote, The British Chambers of Commerce, the Federation of Small Businesses (FSB) and the Confederation of British Industry (CBI) have all called for the Government to pull the stops out to avoid a No-Deal Brexit. Anna Tobin reports

Another Irish Brexit win: Hermes Investment Management opens Dublin branch

Hermes Investment Management

The £36 billion fund manager Hermes Investment Management has established an Irish domiciled management company, Hermes Fund Managers Ireland Limited (HFM Ireland) to mitigate against Brexit risks. Anna Tobin reports

Demand for financial services at its lowest for 5 years find CBI/PwC survey


The financial service sector has contracted for the first time since September 2013 finds the latest CBI/PwC Financial Services Survey. Anna Tobin reports

Another Dutch Brexit gain: Norinchukin bank announces Amsterdam subsidiary

Norinchukin bank

One of Japan’s largest banks Norinchukin has just revealed that Brexit has spurred it to open a Dutch subsidiary. Anna Tobin reports

Japan ends 20-year ban on British lamb and beef exports

Agriculture and Horticulture Development Board

The Agriculture and Horticulture Development Board (AHDB) announced today that Japan has just reached an agreement with the UK that opens up the Japanese market to British lamb and beef. Anna Tobin reports

Farming unions tell MPs No Deal Brexit can’t be an option

farming unions

The four UK farming unions have penned a joint letter to MPs explaining why they must take all steps necessary to avoid a no-deal Brexit. Anna Tobin reports

Your .eu domain name may become unusable in a No Deal Brexit

EU domain name

Individuals, companies and organisations that use a .eu domain are being warned by the Government that it may not be usable if the UK exits the EU without a deal. Anna Tobin reports

London First demands Government delays Brexit to avoid crashing out

London First

Business campaign group London First is urging the Government to stop the clock on Brexit to avoid leaving the EU without a deal on March 29. Anna Tobin reports

Ibec says Brexit outcome will determine Ireland’s economic fortune this year


In its quarter four Quarterley Economic Outlook, Irish business group Ibec warns that the risks facing Irish business are on the rise in 2019. Anna Tobin reports

Universities warn no deal has serious repercussions for research

Universities UK

University leaders have written an open letter to MPs today warning them that a No-Deal Brexit will seriously impact the UK’s standing as an international academic research centre. Anna Tobin reports

Brexit boosts foreign investment in the Republic of Ireland

IDA Ireland

Brexit has helped foreign direct investment in the Republic of Ireland to soar says IDA Ireland, the Irish Government agency responsible for attracting foreign investment in the country. Anna Tobin reports

Retailer Next PLC says Brexit makes it difficult to make business predictions

Next PLC

In its January 2019 trading statement, retailer Next PLC said that Brexit uncertainty is making it difficult to make business predictions. Anna Tobin reports

Manufacturing job shortages at near record highs

job shortages

The latest British Chambers of Commerce (BCC) Quarterly Economic Survey finds manufacturing businesses reporting the joint-highest recruitment problems on record and service sector businesses reporting recruitment difficulties at near record highs. Anna Tobin reports

Manufacturers stockpiling at near record levels for Brexit finds latest PMI


The latest IHS Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI), published today, has found that December 2018 saw near record levels of stock being held by UK manufacturers preparing for Brexit. Anna Tobin reports

NFU president Minette Batters highlights the Brexit challenges facing farmers

Minette Batters

National Farmers Union (NFU) president  Minette Batters uses her New Year address to outline the challenges facing farmers this year. Anna Tobin reports

Government not doing enough to support small business through Brexit warns FSB

small businesses

The national chairman of the Federation of Small Businesses (FSB), Mike Cherry, used his New Year message to urge the Government to do more to listen to the concerns of small businesses about Brexit. Anna Tobin reports

Brexit causes Irish passport applications to soar

Irish passport

The UK’s imminent exit from the European Union has sparked an influx of applications for Irish passports. Anna Tobin reports

Seaborne Freight which owns no ships awarded No-Deal Ramsgate ferry contract

Seaborne Freight

Government awards multi-million-pound contract to run a No-Deal Brexit Ramsgate to Ostend ferry route to Seaborne Freight, which currently owns no ships. Anna Tobin reports

IOD finds business confidence is at its lowest point for 18 months

business confidence

The confidence of business leaders in the British economy has sunk to its lowest level in over 18 months, find the Institute of Directors’ Confidence Tracker. Anna Tobin reports

Atradius warns it can’t cover all risks related to No Deal for food industry


Credit insurer Atradius’ December Market Monitor focuses on food performance and outlook in the UK and warns that a no-deal Brexit would pose a material threat to the food industry. Anna Tobin reports

No deal will destroy the UK automotive industry warns SMMT


A No Deal Brexit will kill off the British car industry and destroy hundreds of thousands of jobs, the Society of Motor Manufacturers (SMMT) has said in a hard-hitting statement. Anna Tobin reports

Everything from emissions to live exports covered in latest No Deal Notices

No Deal

With the Cabinet escalating its No Deal planning now, the detailed notices on how to prepare for a No Deal Brexit are pouring out of Whitehall. Anna Tobin highlights the ones most relevant to business

Immigration White Paper proposals would be devastating for UK construction industry says FMB

Federation of Master Builders

The Federation of Master Builders (FMB) says that the proposals in the Government’s Immigration Paper published yesterday demonstrate that the Government is not listening to the needs of business. Anna Tobin reports

Five UK business groups urge Government to put a stop to No Deal

No deal

The British Chambers of Commerce (BCC); the Confederation of British Industry (CBI); the EEF, the manufacturers’ organisation; the Federation of Small Businesses (FSB) and the Institute of Directors have issued a joint statement calling on politicians to do their utmost to avoid a no deal Brexit

British Chambers of Commerce forecasts business investment freeze in 2019

British Chambers of Commerce

The British Chambers of Commerce (BCC) expects business investment to grow by just 0.1% in 2019, dropping down from 1.2% growth in its previous forecast. Anna Tobin reports

Brexit uncertainty jeopardises Welsh red meat industry warns Hybu Cig Cymru

Hybu Cig Cymru

Welsh meat sector body Hybu Cig Cymru – Meat Promotion Wales (HCC) warns that the current political deadlock over Brexit is putting the income of Welsh farmers at risk. Anna Tobin reports

The Irish Hotels Federation blames Brexit for gloomy outlook for 2019

Irish Hotels Federation

The Irish Hotels Federation (IHF) says Brexit is the key reason that its members are reporting negative feelings for 2019. Anna Tobins investigates

Rolls-Royce stockpiles and moves some work to Germany as it preps for no deal


British aerospace company Rolls-Royce used its 2018 trading update to announce that it is stockpiling and moving some regulatory aspects of the business to Germany in preparation for a no-deal Brexit. Anna Tobin reports

Continuing Brexit uncertainty of great concern to European business says BusinessEurope’s Pierre Gattaz

Pierre Gattaz

European lobby group BusinessEurope has warned that European business is extremely concerned about the continuing uncertainty over Britain’s exit from the EU. Anna Tobin reports

IATA chief Alexandre de Juniac warns of the risks of a no-deal Brexit to aviation


Speaking at the International Air Transport Association (IATA) Global Media Day today, IATA director general and CEO Alexandre de Juniac warned of the risks of a no-deal Brexit to the aviation industry. Anna Tobin reports

Nearly 750,000 jobs at risk from No Deal warns UK Trade Policy Observatory

UK Trade Policy Observatory

A no-deal Brexit could cost almost three-quarters of a million jobs, with some areas of the UK hit harder than others, finds a study by the UK Trade Policy Observatory at the University of Sussex. Anna Tobin reports

Ratification of Withdrawal Agreement will boost economic growth forecasts CBI

CBI economic forecast

The CBIs latest economic forecast predicts that ratification of the Withdrawal Agreement and the resulting transition period will lead to steady economic growth in the UK, with a rise in business investment and continuing export growth over the next two years. Anna Tobin reports

Third of small exporters expect international sales drop finds Small Business Index

Quarterly Small Business Index

The Federation of Small Businesses (FSB) quarterly Small Business Index finds one in three small exporters expect international sales to fall next quarter. Anna Tobin reports

Victrex PLC pushes on with Brexit contingency planning focusing on stockpiling

Brexit contingency planning

High-performance polymer manufacturer Victrex PLC’s Brexit contingency planning is focused on protecting its supply chain. Anna Tobin reports

Print industry fears inflation and trade barriers finds British Printing Outlook

BPIF Printing Outlook

The British Printing Industries Federation (BPIF) Printing Outlook Printing Industry Trends Survey for quarter four 2018  finds that inflation and tariffs and non-tariff barriers are the biggest Brexit-related worries for the UK printing industry. Anna Tobin reports

Establishing EU distribution centre part of clothing retailer Joules’ Brexit plans


Clothing retailer Joules reveals well-developed plans for Brexit in its pre-close trading update released today. Anna Tobin reports

Are you an EU-only trader? These are the actions HMRC wants you to take now

EU-only trader

If you are an EU-only trader, you will receive a letter imminently from HMRC asking you to take three actions to ensure that you are prepared for a possible no-deal Brexit. Anna Tobin explains what you must do now

Government invites comment from nutrition industry on no-deal Brexit prep

no deal Brexit prep

The Department of Health & Social Care is inviting views on changes to nutrition regulations in the event of a no-deal Brexit. Anna Tobin reports

New export orders drop for second month reveals Purchasing Managers’ Index

Manufacturing Purchasing Managers’ Index

The IHS Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI), published today, shows that the UK manufacturing sector remains muted, as new export orders fall for the second month in a row, with Brexit largely to blame. Anna Tobin reports

Full statement by Bank of England governor in response to latest Bank research

Bank of England

The Bank of England published two important research documents yesterday: The Financial Stability Report and Stress Test results – November 2018 and its response to the House of Commons Treasury Committee’s request for analysis of how Brexit will affect the Bank’s ability to deliver its objectives. Mark Carney, the governor of the Bank of England, outlines its key findings

SMEs now less confident about their financial future finds Dun & Bradstreet

Dun & Bradstreet

Global data and analytics company Dun & Bradstreet’s latest report UK SMEs: Brexit and Beyond finds that 19% of UK SMEs’ confidence in their future financial success is down year-on-year, and almost a third have considered leaving the UK to increase their chances of success. Anna Tobin reports

Public Accounts Committee says ports not prepared for no-deal Brexit

Public Accounts Committee

The Public Accounts Committee has ruled that the Department of Transport is woefully underprepared for the prospect of a no-deal Brexit and in this eventuality, there is a real risk of major disruption at UK ports. Anna Tobin investigates

New customs arrangements agreed with Guernsey, Jersey and the Isle of Man

Crown Dependencies

In preparation for the UK’s exit from the EU, the Government has signed new customs arrangements with each of the Crown Dependencies. Anna Tobin reports

Topping up tiles for Brexit

Topps Tiles

Releasing it’s annual financial report today, tile retailer Topps Tiles forecasts Brexit causing a reduction in consumer confidence, staffing issues, and supply problems. Its Brexit planning is focusing on stockpiling. Anna Tobin reports

40% of investment firms are relocating to manage Brexit risks finds KPMG

Risk and ICAAP benchmarking survey

KPMG’s annual Risk and ICAAP benchmarking survey, Counting the Cost has found that 40% of the investment firms it surveyed have, or have plans to, relocate as a result of Brexit. Anna Tobin reports

Bar Council issues barristers with no deal prep paper


The Bar  Council has issued a No-Deal Preparation paper to all 16,000 barristers in England and Wales. Anna Tobin reports

Business leaders back Brexit Withdrawal Agreement finds IoD survey

IoD survey

The Institute of Directors (IoD) surveyed 816 of its members following the publication of the draft Brexit Withdrawal Agreement and found that three-quarters back the deal. Anna Tobin reports

Make post-Brexit immigration system work for small businesses urges FSB


The Federation of Small Businesses (FSB) has urged the Government to ensure that small businesses won’t struggle to employ EU nationals that they currently depend upon, post-Brexit. Anna Tobin reports

easyJet ready to fly further into EU hands in preparation for Brexit


Low-cost airline easyJet reveals that it is continuing to work towards being owned by a majority of European Economic Area registered businesses, excluding the UK. This will allow it to continue to operate as a European airline after Brexit. Anna Tobin reports

Farmers back the Withdrawal Agreement


The National Farmers Union (NFU) has welcomed the Withdrawal Agreement, particularly the continuation of free and frictionless trade and the proposed transition period. Anna Tobin reports

The IoD urges Parliament to accept the Withdrawal Agreement


The Institute of Directors (IOD) has welcomed the Withdrawal Agreement and is calling on Parliament to ratify it as the prospect of no deal and no transition period will be hugely damaging for business. Anna Tobin reports

CBI cautiously optimistic about terms of Theresa May’s draft Withdrawal Agreement

Draft Withdrawal Agreement

The Confederation of British Industry (CBI) has said that the draft Withdrawal Agreement takes Britain away from the cliff edge. Anna Tobin reports

What does the Brexit Withdrawal Agreement mean for business?

Brexit Withdrawal Agreement

The Brexit Withdrawal Agreement isn’t a done deal until it’s been ratified by the UK and European Parliaments, but Anna Tobin examines what it would mean for British business if it gets the green light

Businesses cautiously welcome the Government’s Brexit proposals says KPMG


Global professional services firm KPMG says that businesses are cautiously welcoming the Government’s Brexit proposals, but they are not fully confident that it will get through Parliament. Anna Tobin reports

Paxo owner, Premier Foods, getting stuffed for Brexit

Premier Foods, the British food manufacturer behind household brands Paxo, Oxo and Mr. Kipling, reveals in its half-year results, published today, that as part of its Brexit contingency planning it will soon begin stockpiling ingredients. Anna Tobin reports

British Airways seeks to land Spanish deal to avoid Brexit turbulence

British Airways

International Airlines Group (IAG), the owner of British Airways, is reportedly seeking help from the Spanish Government to enable it to operate smoothly through Brexit. Anna Tobin reports

Drop in migrant workers causing staff shortages finds latest Labour Market Outlook

Labour Market Outlook

The latest Labour Market Outlook Report published today by the Chartered Institute of Personnel and Development (CIPD) and The Adecco Group finds that a reduction in migrant workers and Brexit is putting a strain on UK labour supply. Anna Tobin reports

No deal may mean UK lorry drivers scrabbling for limited number of ECMT licences

ECMT licences

In the event of a no-deal Brexit, UK hauliers will be scrabbling for a limited number of the ECMT licences needed to operate within the EU after March 29, 2019. Anna Tobin reports

Equivalence plans for REACH unworkable warns CBA


The Chemical Business Association (CBA) has called the Government’s plans to transpose EU Reach legislation into UK law in the event of a no-deal Brexit unworkable. Anna Tobin reports

Why a hard Brexit will be catastrophic for the Welsh sheep industry

Hybu Cig Cymru

On the eve of its annual conference, where tackling the impact of Brexit on the Welsh livestock industry dominates the agenda, Anna Tobin spoke to Kevin Roberts, the chairman of Welsh meat sector body Hybu Cig Cymru – Meat Promotion Wales (HCC), about why the Welsh meat industry desperately needs to avoid a hard Brexit

Kurt Jansen of lobby group Tourism Alliance explains how Brexit could benefit UK tourism

Impact of Brexit on UK tourism

Speaking today at the World Travel Market London, Kurt Jansen director of the tourism lobby group Tourism Alliance highlighted what the Government could do to help the UK tourism industry benefit from Brexit. Anna Tobin reports

Cavendish Coalition report into EEA nationals working in health and socialcare raises concerns

Cavendish Coalition

Brexit and the Health and Social Care Workforce in the UK, a report published today for the Cavendish Coalition, looks at recent trends in the UK’s health and socialcare workforce and the critical role of European economic area (EEA) nationals within it. Anna Tobin examines its findings

Small businesses won’t cope with EU worker checks warns FSB


If the UK crashes out of Europe without a deal or a transition period many small businesses will lack the resources needed to check if their EU workers are still eligible to work in the UK, warns the Federation of Small Businesses. Anna Tobin reports

Specialist insurer Hiscox is prepared for a hard Brexit


Unveiling Hiscox’s quarter three results today, CEO Bronek Masojada emphasised that the international specialist insurer is planning for a hard Brexit. Anna Tobin reports

No deal means foreign holiday bookings will plummet warns World Travel Market

World Travel Market London

Research published today at World Travel Market London forecasts that in the event of a no-deal Brexit, Brits will be much less likely to holiday abroad. Anna Tobin reports

S & P Global Ratings says no deal is a possibility and it would lead to recession

S&P Global Ratings

Credit rating provider S&P Global Ratings sees no deal as a distinct possibility and says it would lead the UK into recession. Anna Tobin reports

The Competition and Markets Authority (CMA) becomes the state-aid authority post Brexit


The Competition and Markets Authority (CMA) will become the state-aid authority for the UK post-Brexit. Anna Tobin examines what this means

Scala urges businesses to reevaluate supply chains for Brexit


UK businesses could be in for five years of turmoil in the event of a no-deal Brexit warns supply chain and logistics consultancy Scala. Anna Tobin reports

Budget 2018 – the Brexit Budget

Budget 2018

The Chancellor of the Exchequer, Philip Hammond MP, delivers his final Budget before Brexit. Anna Tobin looks at its impact on business

British Coatings Federation publishes no deal Brexit guide

British Coatings Federation

The British Coatings Federation, the trade association for the UK paints, printing inks, powder coatings, and wallcoverings industries has published a no deal guide for its members. Anna Tobin reports

A fast-tracked post-Brexit WTO deal now looking unlikely


An attempt by the Government to fast-track a deal with the World Trade Organization (WTO) to create smooth trade following Brexit, has not been particularly well received. Anna Tobin reports

UK borders are underprepared for no deal warns National Audit Office

National Audit Office

The National Audit Office has published a report entitled: The UK border: preparedness for EU exit and it brings cause for concern. Anna Tobin reports

Jaguar Land Rover pay talks suspended partly as a result of Brexit uncertainty

Jaguar Land Rover pay

Trade unions and car manufacturer Jaguar Land Rover have agreed to continue the suspension of the pay and conditions negotiations. Anna Tobin reports

No deal a calamity for Welsh livestock industry warns HCC chair


Reaching a deal with the EU is crucial for the future of the Welsh food industry warns Kevin Roberts, chairman of Welsh meat sector body Hybu Cig Cymru – Meat Promotion Wales (HCC). Anna Tobin reports

Firms have cut investment and could trigger drastic contingency plans finds CBI report

CBI Brexit survey

A new survey by the Confederation of British Industry (CBI) has found that eight out of ten firms say that Brexit has had a negative impact on investment. Many are also ready to trigger drastic contingency plans. Anna Tobin reports

Brexit to blame for delay to O2’s stock market floatation


The planned IPO of UK mobile operator O2 has reportedly been put on hold as a result of the uncertainty surrounding Brexit. Anna Tobin reports

No deal disastrous for UK car industry warns Toyota president Akio Toyoda

Akio Toyoda

Speaking in his role as chairman of Japan Automobile Manufacturers Association, Inc., Toyota’s president Akio Toyoda urged the UK Government to redouble its efforts to reach a withdrawal agreement with the EU. Anna Tobin reports

Brits could require visas to visit France from April 2019

visas to visit France

Newly published French notices for a no deal Brexit state that UK visitors to France will need a visa to enter the country and a residence permit to stay there long term. Anna Tobin reports

Men working on the bottom rung in the car industry to be worst hit by no deal

Institute for Fiscal Studies

Low-skilled men with only GCSE qualifications or less are more likely than any other group to work in industries at particular risk from possible new barriers to trade with the EU finds the Institute for Fiscal Studies. Anna Tobin investigates

Health and safety regs must continue post-Brexit states EEF/Arco report

EEF/Arco survey

The EEF, the Manufacturers Organisation, and health and safety experts Arco have co-published a report calling for current health and safety regulations to be maintained once the UK exits the EU. Anna Tobin looks at the reasoning behind this

Brexit no-deal: a consumer catastrophe? – an alarming Which? report

Brexit no-deal: a consumer catastrophe?

Which? has released a wide-ranging report into the potential impact of a no-deal Brexit with a disheartening conclusion. Anna Tobin reports

Institute for Government finds gaping holes in no deal preparation notices

Institute for Government

Think tank the Institute for Government (IfG) has assessed the Government’s technical notices that set out how Government bodies, businesses, and individuals need to prepare for a possible no deal Brexit and finds that some of the biggest questions remain unanswered. Anna Tobin reports

Latest No Deal documents cover everything from animal breeding to industrial disinfectant regulation

no deal Brexit

A further raft of detailed guidance notes on how to prepare for a no deal Brexit has been issued by Whitehall. Anna Tobin examines their contents

Brexit has hit house sales finds RICS UK Residential Market Survey

RICS UK Residential Market Survey

Homes for sale are at close to record lows, finds the latest RICS UK Residential Market Survey and Brexit is seen as a major contributing factor. Anna Tobin reports

5000 jobs to go in the City by Brexit day confirms Treasury

5,000 city jobs

John Glen MP, the economic secretary to the Treasury and Minister for the City of London told the EU Financial Affairs Sub-Committee today that he agrees with the Bank of England’s estimate that the City will lose 5000 jobs by Brexit day. Anna Tobin reports

SMMT launches Brexit aid package for motor industry

Society of Motor Manufacturers and Traders

The Society of Motor Manufacturers and Traders (SMMT) has launched its Brexit Readiness Programme in a bid to safeguard the UK’s automotive supply chain in the event of a no-deal Brexit. Anna Tobin reports

Controversial campaign is about protecting SMEs says Pimlico Plumbers’ Charlie Mullins

Bollocks to Brexit

Charlie Mullins OBE is the founder of Pimlico Plumbers and the man behind the controversial campaign ‘Bollocks to Brexit.’ He spoke to Anna Tobin to explain why he set up the campaign and how concerned he is at the damage Brexit will potentially do to UK SMEs

Brexit takes part of the blame for September retail sales fall

BRC – KPMG retail sales monitor September 2018

The BRC – KPMG retail sales monitor for September 2018 reveals that UK retail sales fell by 0.2% year-on-year. A number of factors contributed to this drop and Brexit uncertainty is one of them. Anna Tobin reports

Welsh cattle and sheep farmers urged to join Red Meat Benchmarking scheme

Red Meat Benchmarking

The £2.15 million Red Meat Benchmarking scheme launched today to help Welsh cattle and sheep farmers make their businesses more efficient and economic and to prepare them for Brexit. Anna Tobin reports

EU rail safety standards to continue deal or not says rail industry body RSSB


The Rail Safety and Standards Board (RSSB) has announced that even in the event of a no-deal Brexit, the legal requirements designed to promote common safety and technical principles across all EU railways must still be met by UK rail companies and suppliers. Anna Tobin reports

MHRA seeks views on no-deal proposals on medicines, clinical trials and medical devices

MHRA Brexit consultation

The Medicines and Healthcare Products Regulatory Agency (MHRA) is inviting comment on how its legislation and regulatory processes should be adapted in the eventuality of a no-deal Brexit. Anna Tobin reports

Sofa group DFS’s Brexit plan puts pressure on suppliers


Upholstery retailer DFS Furniture PLC used the announcement of its preliminary results to outline how it is preparing for Brexit. Anna Tobin reports

A Brexit briefing that explains the true cost of various Brexit scenarios

Brexit briefing

Business consultant Richard Barfield who runs BrexitFactBase has produced an in-depth report that explains how different Brexit scenarios could impact the UK’s global status as a trading nation. Anna Tobin reports

If you receive Horizon 2020 funding you must register your project on the UKRI portal to safeguard it

Horizon 2020 portal

All UK-based parties that receive funding from Horizon 2020, the EU’s programme for science and innovation, are urged to register their related projects on a portal managed by UK Research and Innovation (UKRI). Anna Tobin reports

The Fairtrade Foundation goes bananas to show the importance of delivering a Fairtrade Brexit

Fairtrade Brexit

The Fairtrade Foundation, which campaigns to get a better deal for producers and workers in developing countries, warns that an increase in trade tariffs could seriously damage the Fairtrade banana market and many other Fairtrade industries. Anna Tobin reports

A Canada-style Brexit proposal is ‘naive and unrealistic’ says the EEF – the manufacturers’ organisation

Canada-style Brexit

A Canada-style Brexit trade agreement has been talked up recently as a possible alternative to a no-deal Brexit, but Stephen Phipson, chief executive officer of EEF, the manufacturers’ organisation, warns that it’s not the answer. Anna Tobin reports

Find out what a Canada-style Brexit deal could look like and discover why it is not going to be a quick fix

Canada style Brexit

As the prospect of a no-deal Brexit becomes ever-more likely, attention has turned to whether a Canada-style Free Trade Agreement (FTA) could be negotiated once the UK has left the EU. Anna Tobin investigates how easily and effectively such a deal could be achieved.

The EU deal with Canada…

The majority of small businesses have not begun their Brexit preparations finds the FSB

UK retailers

Only 14% of small businesses have begun planning for Brexit, finds new research from the Federation of Small Businesses (FSB). Anna Tobin reports

The FSB report found that only one in seven small business have begun planning for Brexit…

Suffolk-based St Peter’s Brewery signs lucrative Chinese export contract amidst Brexit uncertainty

Keen to expand its export footprint in the wake of Brexit, Suffolk-based St Peter’s Brewery has signed a deal with a Chinese importer. Anna Tobin reports

The Federation of Small Businesses issues Brexit warning in response to Government’s No Deal prep

FSB issues Brexit warning

The Federation of Small Businesses (FSB) has warned the Government that the current state of the Brexit negotiations is extremely worrying for small businesses and that its latest no-deal Brexit preparation documents have not allayed those fears. Anna Tobin reports

Responding to this week’s release of another tranche of…

Retailer Next PLC warns of cost to business of no deal Brexit and provides some pointers for Government

Next issues Brexit warning

When releasing its half-year results, British homeware and clothing retailer Next PLC issued a stark warning about the problems that a no deal Brexit will cause the business. Anna Tobin reports

Next PLC dedicated a large chunk of its half-year report to July 2018 to explaining its Brexit preparations…

The Government’s latest no deal Brexit prep documents reinforce the fact that no deal will be a huge deal

no deal Brexit

While the UK Government is still working towards a deal, it has released another batch of planning advice documents for a no deal Brexit. These cover topics as diverse as intellectual property to the manufacturing and marketing of fertilisers. Anna Tobin reports

The Government’s updated list of guidance notes…

Manufacturing output slows, but remains above average finds the latest CBI Industrial Trends Survey

UK manufacturing

The latest CBI Industrial Trends Survey of 409 firms, shows that UK manufacturing output growth slowed in the three months to September, but stayed above the long-term average. Anna Tobin reports

In ten of the 17 sub-sectors, output grew. The Confederation of British Industry (CBI) report found that growth was driven largely by…

UK export growth slumps to lowest level since the Brexit referendum finds the European Export Index

UK exports

UK export growth has fallen for a sixth consecutive quarter and is nearing the point of contraction according to the latest European Export Index published by accountants and business advisers BDO LLP. Anna Tobin reports

UK export growth has dropped significantly and was the worst performing of the largest five EU economies in the last quarter…

No deal is a distinct possibility warns KPMG in a stark warning to business following the EU leaders’ meeting


Following the EU leaders’ meeting in Salzburg, Austria, global professional services firm KPMG has warned that the chances of a no deal Brexit are now higher than ever and urged businesses to prepare accordingly. Anna Tobin reports

Following today’s summit of EU leaders in Austria…

It’s not just the large corporations like BMW who are prepping for Brexit, these SMEs are getting busy too

SMEs preparing for Brexit

German car manufacturer BMW revealed this week that it was moving a planned month shut down of its Oxfordshire plant to April 2019 to coincide with when the UK exits the EU, many SMEs are also now taking decisive action to protect themselves from the predicted turbulent effects of Brexit. Anna Tobin reports

FSB slams the Government’s Migration Advisory Committee (MAC) report for not supporting SMEs


The Federation of Small Businesses (FSB) has responded to the Government’s Migration Advisory Committee’s (MAC) report on EEA migration in the UK and it’s not happy with its findings where SMEs are concerned. Anna Tobin reports

Among the recommendations of the MAC report was for Tier 2 migration opportunities to be…

If UK immigration policy is not included in any EU deal, end preferential treatment for EU workers recommends the MAC

Migration Advisory Committee

The Government’s Migration Advisory Committee has published its final report on EEA migration in the UK. Anna Tobin looks at its findings

In July 2017, the Home Office commissioned the Migration Advisory Committee…

IMF says any Brexit scenario will cost the UK, with no deal posing the biggest threat to the economy

Christine Lagarde

Christine Lagarde, the managing director of the International Monetary Fund (IMF) warns that a no deal Brexit leading the UK to return to World Trade Organization rules will be extremely costly for the UK. Anna Tobin reports

The newly published IMF’s annual review of the British economy concludes that any Brexit scenario will be costly for the UK…

The Institute for Government looks at how Government is preparing for Brexit with just six months to go

Brexit: six months to go

Think tank the Institute for Government has published a report entitled Brexit: six months to go, which looks at the progress the Government has made in delivering Brexit and what still needs to be done. Anna Tobin reports

Brexit leads the British Chambers of Commerce to downgrade its economic forecast for 2018 and 2019

British Chambers of Commerce economic forecast

The British Chambers of Commerce economic forecast has been downgraded as a result of Brexit uncertainty hitting investment and trade. Anna Tobin reports

The British Chambers of Commerce (BCC) today (September 17 2018) downgraded its growth expectations for the UK economy. It forecasts that GDP growth for 2018 will be 1.1%, down from 1.3%…

UK Government issues second tranche of documents on how to prepare for no deal Brexit

how to plan for no deal

The UK Government has published its second major tranche of documents advising individuals and organisations on how to plan for no deal. Anna Tobin reports

While the Government is still working towards a deal with the EU, it recognises that there is a possibility that the UK…

Brexit has cost the UK economy over 1% of its GDP since the referendum finds Scope Ratings

Brexit's cost to the economy

European credit rating agency Scope Ratings says even if a no deal Brexit is avoided, Brexit has already cost the UK economy over 1% of its GDP since the referendum. Anna Tobin reports

Scope expects the UK to avoid a no-deal scenario, but…

The Brexit tariff cruncher – find out what tariffs you could be paying if there is a no deal Brexit

Brexit tariff cruncher

Unsure of what tariffs you could be paying on your goods if the UK exits the EU without a deal? The Government’s little-known trade tariff search could prove useful reports Anna Tobin

If the UK exits the EU without a deal, World Trade Organization (WTO) rules will apply to all UK trade…

Zurich, Frankfurt, Amsterdam, Vienna and Milan benefit from Brexit uncertainty as London loses out finds GFCI24

Global Financial Centres Index

The City of London lost out to New York in the September 2018 Global Financial Centres Index, which evaluates future competitiveness and rankings for 100 major financial centres around the globe. Anna Tobin reports

The September 2018 Global Financial Centres Index (GFCI24), produced by…

DEFRA is not ready for Brexit finds the National Audit Office and food and livestock exports could be seriously hit

DEFRA prepares for Brexit

A report by the National Audit Office has found that The Department for Environment Food and Rural Affairs (DEFRA) has made good progress with its preparations for Brexit, but it still faces huge challenges, particularly when it comes to averting food and livestock delays…

The uncertainty of Brexit is leading businesses to delay recruitment decisions claims The Adecco Group

Recruiting after Brexit

The majority of UK businesses feel that they lack the necessary information to start making decisions about their post-Brexit recruitment strategy, according to new research by the CIPD and The Adecco Group. Anna Tobin reports

The Adecco Group’s quarterly Brexit tracker is compiled using data from the…

The Port of Antwerp courts British trade with a UK roadshow demonstrating that it’s ready for Brexit

Port of Antwerp's Brexit preparations

The Port of Antwerp assures British companies who bring goods through the port that it has everything prepared for Brexit. Anna Tobin reports

With an annual freight volume of around 15 million tonnes, the UK is the Port of Antwerp’s third-largest maritime trading partner…

Fears Brexit will cause a severe shortage of software developers finds survey by software company Pivotal

Brexit could lead to a shortage of software developers in the UK, reveals research by software company Pivotal. Anna Tobin reports

UK businesses need to prepare themselves for a software skills shortfall post Brexit, finds a survey commissioned by Pivotal Software, Inc…

The list of companies setting up headquarters or bases on mainland Europe ahead of Brexit grows

Companies leaving the UK because of Brexit

Many companies are setting up additional companies in the EU or moving their headquarters to an EU country in a bid to minimise the negative fall-out they expect Brexit to have on their businesses. Anna Tobin looks at who is going where

The number of companies leaving the UK because of Brexit is growing…

Universities call for a new visa to encourage foreign graduates to stay and work in the UK post Brexit

visas for foreign graduates

Universities UK, the body that speaks for the UK university sector, has called on the Government to create a new visa that would allow international students to stay and work in the UK for up to two years after graduation. Anna Tobin reports

The post-study work visa, which enables non-EU international students…

The UK will lose more than it gains from no deal Brexit says think tank The UK in a Changing Europe

Negative impact of No Deal

The cons resulting from exiting the EU without a deal far outweigh the pros says think tank The UK in a Changing Europe in its report The Cost of No Deal Revisited, published September 3, 2018. Anna Tobin examines its findings…

Importer or exporter? What you need to know about trading after Brexit in the event of no deal scenario

importing and exporting post Brexit

Now that the Government has published its first batch of Technical Notices on the implications of a No Deal outcome to Brexit, British companies that trade internationally are in a position to get better prepared for this scenario. Anna Tobin examines what this entails

Importing and exporting post Brexit will become a much lengthier process. The UK will become what is known as a ‘third country’ when…

CBI chief economist Rain Newton-Smith urges the Government to put people’s livelihoods above politics

Effects of Brexit on service sector

Responding to the findings of the latest quarterly CBI Services Sector Survey, Rain Newton-Smith, the CBI’s chief economist, calls on the Government and the EU to finalise the Withdrawal Agreement and support people’s jobs. Anna Tobin reports

Government Publishes Several Documents On How To Prepare For The Possibility Of A No Deal Brexit

No Deal Brexit

The Government has started to issue the first of a number of documents advising the British people how to prepare for Brexit in the event of a failure to agree on a deal. Anna Tobin reports…

Brexit Could Be A Nightmare For The Insurance Industry Warns Kennedys

How Brexit will impact the insurance industry

Unless the Government breaks its current political deadlock over Brexit, 2019 will be a horrific year for the British insurance industry, warns international law firm Kennedys. Anna Tobin reports

In its latest insurance industry report entitled Brexit and the Insurance Sector: Towards 2020 and Beyond, Kennedys states…

The Institute For Government Assesses How Brexit Could Now Pan Out

The next phase of Brexit

As the UK enters the end game of Brexit, think tank The Institute For Government published its report looking at how it could now play out. Anna Tobin reports

The publication entitled Autumn surprises: possible scenarios for the next phase of Brexit…

The UK Manufacturing Industry Is Preparing For A No Deal Brexit Finds Academic Report

UK manufacturing

British manufacturers are making preparations for a No Deal Brexit and are looking at their options outside of the EU, finds a new study by Sheffield Hallam University and SSG Insight. Anna Tobin reports

Harnessing Brexit, Technology and Insight: British Manufacturers, a Competitive Edge in an Age of Uncertainty and Opportunity is the title of a new report…

Brexit Is Leading To A Talent Shortage And Recruitment Struggles Finds CIPD and Adecco

Labour Market Outlook

A stark reduction in EU nationals entering the UK coincides with a significant drop in suitable job applicants finds a survey by the Chartered Institute of Personnel and Development (CIPD) and The Adecco Group. Anna Tobin reports

The latest quarterly Labour Market Outlook from the CIPD and The Adecco Group, based on a survey of 2,001 employers, has found that pay rises will be stable at 2% for most workers…

Brexit Induced Labour Shortages Could Crush The British Summer Fruits Industry

British Summer Fruits

The British summer fruits industry is concerned that the Government is not doing enough to safeguard the supply of seasonal agricultural workers from the EU post-Brexit. Anna Tobin reports…

The NFU Warns That Britain Doesn’t Produce Enough Food To Feed Itself For A Year

run out of food

The National Farmers’ Union (NFU) has warned that Britain would run out of food within a year if it was forced to be self-sufficient. Anna Tobin reports

The president of the NFU Minette Batters has warned the Government that a year today, 7 August 2019, is the day that Britain would run out of food if…

Government Briefs The Life Sciences Sector On The Upcoming Implementation Period

Life sciences and Brexit

The Government has just published guidance notes on what the Brexit implementation period means for those in the life sciences industries. Anna Tobin reports

The guidance notes published August 6, 2018, show that as those in the sector are already aware, the impact of Brexit on life sciences is going to be significant, but the implementation period brings some breathing space…

UK Licensed Broadcasters May Have Problems Broadcasting Within Europe Post Brexit

Ofcom-licensed broadcasters

Ofcom-licensed broadcasters whose channels are exported to the EU, may need to obtain individual country licenses to continue broadcasting in Europe post Brexit. Anna Tobin reports

Those Ofcom-licensed broadcasters who broadcast within the EU Television companies may have to reassess which countries they transmit to after Brexit…

93% Of UK Businesses Expect To See Their Revenues Drop in 2019 Largely Due To Brexit

MHR Analytics

Brexit has been named as the prime reason that 93% of UK businesses claim to be expecting a fall in revenues in 2019, according to a survey by MHR Analytics. Anna Tobin reports

Specialist provider of business intelligence and analytics solutions MHR Analytics used independent polling company Censuswide…

Currencies Direct Survey Finds That Brexit Spurs SMEs To Consider International Expansion

SMEs are looking at international expansion

A survey by international payments provider Currencies Direct has found that the majority of UK SMEs are looking at international expansion as a way of growing their business as a result of Brexit. Anna Tobin reports

Currencies Direct’s research showed that 84% of UK SMEs are looking at international expansion and 57% thought that international trade generally offered more opportunities than challenges…

Businesses Are Offering Enticing Incentives To Stop EU Workers Going Abroad

EU workers

Research by immigration law firm Migrate UK states that companies are paying up to £100,000 in incentives in a bid to keep EU workers on their payroll. Anna Tobin reports

Migrate UK surveyed one thousand HR Directors from organisations who employ over 250 EU workers in the UK. The survey completed between June 21 and 22 2018 found that of those polled, 66% struggled to recruit staff with the sufficient skills since the Brexit referendum. This rose to 86% for banking, 83% for finance and 79% for IT sectors…

Government Publishes Employers Toolkit On The EU Settlement Scheme

EU Settlement Scheme

Today, July 25, 2018, the UK Government published an employer toolkit that is designed to equip employers with the necessary tools and information required to support their employees who are EU citizens and their families through the EU Settlement Scheme. Anna Tobin reports

The online toolkit available here includes six documents…

Brexit Could Lead To Falling Food Safety Standards Says Food Brexit Briefing

Food safety standards could fall

Leading food policy experts are warning the UK government, the food industry and the public that the political uncertainties surrounding Brexit could threaten the safety and integrity of food being sold and consumed in the UK and exported abroad. Anna Tobin reports…

The IMF Warns Both The EU And The UK Are Set To Lose Out From Brexit


The International Monetary Fund (IMF) warns in its July 2018 Country Report that the UK’s departure from the EU will negatively impact both sides. Anna Tobin reports

The latest Country Report from the IMF looks at how integrated the UK is now with the EU and then given this relationship it assesses how different Brexit scenarios will impact on the UK and EU members…

EC Publishes Seven Points That Businesses Must Consider To Prepare For Brexit


In a bid to help businesses in the EU make the necessary changes and get ready for Brexit, the European Commission has published a factsheet detailing how businesses in the EU27 can prepare for Britain exiting the Union. Anna Tobin reports

Seven Things Businesses in the EU27 Need to Know in Order to Prepare for Brexit is the title of the European Commission’s factsheet and it recommends the following…

UK Pharmaceutical Industry Welcomes Trade Bill Amendment on Medicines


UK pharmaceutical bodies have welcomed the news that Parliament has voted in favour of amendment NC17 to the Brexit Trade Bill, which will make it a negotiating objective for the UK Government to seek the UK’s participation in the European Medicines Agency’s (EMA) European medicines regulatory network. Anna Tobin reports

Britain’s Largest Dairy Warns Brexit Could Result in Less Choice and Higher Prices

Dairy group Arla

Arla, Britain’s largest dairy business, warns that Brexit could result in less choice, higher prices and lower food standards as a result of border changes. Anna Tobin reports

Arla Foods UK, the country’s largest dairy company, has warned that if Brexit were to result in non-tariff barriers to trade and restricted access to labour, it would have a huge impact on the country’s dairy industry…

The Royal Town Planning Institute Assesses How Brexit Could Impact UK Land Use

The Royal Town Planning Institute has published a briefing paper produced in conjunction with the sustainability think tank the Institute for European Environmental Policy, looking at how different Brexit scenarios could affect land use in the UK. It indicates that environmental regulations could become heavily diluted. Anna Tobin reports

Almost 40% of UK Exporters Want to Retain Access to the Single Market

UK export docks

A survey by the Institute of Export and International Trade has found that 39.75% of UK exporters would like the UK to stay in the Single Market following Brexit. Anna Tobin reports

A Brexit survey of the Institute of Export and International Trade has found that two years on from the referendum 39.75% of UK exporters said that continued membership of the Single Market was of the highest possible importance, scoring it ten out of ten. This has increased year-on-year from 33.6% in 2017…

The Agriculture and Horticulture Development Board Creates Brexit Impact Calculator

Dairy farming

The Agriculture and Horticulture Development Board (AHDB) has created a tool to help farmers assess the impact that Brexit could have on their business. Anna Tobin reports

The Agriculture and Horticulture Development Board (AHDB) has designed the Brexit Impact Calculator to forecast how different Brexit scenarios could impact on farming businesses.

The CBI Issues a Warm Response to the UK Government’s Brexit White Paper

UK parliament

The Confederation of British Industry (CBI) has issued a warm response to the UK Government’s Brexit White Paper and pushes the government to move quickly now. Anna Tobin reports

In a statement published in response to the UK government’s White Paper on the future of the relationship between the UK and the EU, Carolyn Fairbairn, director-general of the CBI, said…

KPMG welcomes the UK government’s White Paper on Brexit

KPMG Canary Wharf office

One of the UK’s largest providers of professional services KPMG UK has issued a statement responding to the UK government’s White Paper on the future of the relationship between the UK and the EU. Anna Tobin reports

In response to the UK government’s Brexit White Paper, James Stewart, KPMG UK’s head of Brexit said: ‘Most businesses will welcome today’s White Paper…

UK government publishes White Paper on future UK-EU27 relationship

Houses of Parliament

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Amazon and Enterprise Nation’s SME Growth Tracker forecasts a change in fortunes for SMEs exporting to the EU

Revenue growth forecast rises

Things are looking up for SMEs in financial services and manufacturing, but SMEs that export to the EU have a tough road ahead finds the Quarter 2, 2018 SME Growth Tracker. Anna Tobin reports

OFX survey finds shoots of optimism about Brexit amongst SMEs

SMEs more upbeat about Brexit

A survey by international payments company OFX embargoed until today, July 10, 2018, but carried out prior to the recent cabinet reshuffle, finds that SMEs are now more positive about Brexit than they were when surveyed a year ago. Anna Tobin reports

The key findings of the OFX annual survey of 500 UK small business owners and senior managers at businesses with between 10 and 249 employees. found that SMEs are starting to feel more positive about international trade, particularly within Western Europe.

CEO of Jaguar Land Rover urges UK government to provide clarity on Brexit

Jaguar Land Rover asks for clarity on Brexit

Professor Doctor Ralf Speth, the CEO of Jaguar Land Rover has urged the UK government to provide clarity on Brexit. Anna Tobin reports

The CEO of Britain’s largest car manufacturer issued a statement July 4, 2018 calling on the UK government to rapidly provide certainty for business and to guarantee tariff-free access and frictionless trade with the European Union.

The Brexit questions that the British Chambers of Commerce says business want the government to answer

Brexit questions business wants government to answer

The British Chambers of Commerce has found that there are a number of Brexit questions that businesses want the government to answer. Anna Tobin takes a look at the concerns causing them to raise their hands

The British Chambers of Commerce (BCC) has devised a traffic-light system for assessing the answers to key questions British businesses have on Brexit.

PWC looks at how Brexit could impact the pharmaceutical and life sciences industries

Pharmaceuticals and life sciences and Brexit

Professional services multinational PwC has released a report looking at how Brexit could impact on the pharmaceutical and life sciences industries and it highlights a number of key points, reports Anna Tobin

The TUC and CBI issue joint statement on citizens rights post Brexit

Frances O'Grady TUC general secretary Brexit

The Confederation of British Industry (CBI) and the Trades Union Congress (TUC) have come together to urge the UK government and the EU to guarantee citizens’ rights after March 29, 2019. The two organisations represent millions of public and private sector workers and 190,000 businesses.

In a joint statement Frances O’Grady, general secretary of the TUC and Carolyn Fairbairn, director-general of the CBI, said: ‘After 15 months of human poker, the uncertainty facing four million European and UK citizens has become intolerable.

What is the World Trade Organisation (WTO) model of Brexit?

World Trade Organization in Geneva on Brexit

If the UK leaves the EU on 29 March 2019 without an agreed trade deal, businesses that export from the UK or import into the UK will have to operate under World Trade Organization (WTO) rules. Anna Tobin explains what this means

The European Banking Authority (EBA) urges financial institutions not to delay Brexit prep

Financial services must prepare for Brexit

The European Banking Authority (EBA) warns financial institutions that they must make contingency plans for a No Deal Brexit, reports Anna Tobin

The European Banking Authority is an independent EU Authority charged with ensuring effective and consistent prudential regulation and supervision across the Europe’s banks and financial institutions. Today, June 25, 2018, it highlighted its concern that financial institutions are failing to make contingency plans to cover themselves should the UK leave the EU without a ratified withdrawal agreement…

Airbus issues No Deal Brexit warning

Brexit could mean exit for AIrbus

Airbus has issued a warning that a No Deal Brexit could pose a serious risk to its business, reports Anna Tobin

In a statement, the European aerospace manufacturer said:  ‘The UK exiting the EU next year without a deal – therefore leaving both the single market and customs union immediately and without any agreed transition – would lead to severe disruption and interruption of UK production.

Brexit is reshaping the UK’s economic landscape says Dun & Bradstreet

Ed Thorne managing director Dun & Bradstreet on Brexit

Global data and analytics company Dun & Bradstreet published a report June 22, 2018, looking at the impact of Brexit two years on. While some of it makes uncomfortable reading, it has also revealed some positives, reports Anna Tobin

‘Our report Brexit: Two Years On is a pulse check in terms of where business is in the UK,’ explains Ed Thorne, managing director, Dun & Bradstreet UK. ‘Ultimately what it has revealed is that it’s an incredibly uncertain environment. Although some companies have proactively embraced Brexit, there has also been a lot of stagnation, with businesses waiting to see what is going to happen.’

The report found that 53% of business leaders feel that the impact of Brexit has been positive and 42% feel that it has been negative…

The Institute for Government Asks How Ready is Whitehall for Brexit?

Is Whitehall ready for Brexit

Think tank The Institute for Government (IfG) released a report on June 10, 2018, looking at how ready Whitehall is for Brexit. We take a look at the key findings:

The politicians have pushed the Brexit button. They are the people that we see and hear daily in the media trying to steer the UK on a smooth course…

Irish Brexit websites

The Irish government has set up a Brexit hub.  “Up to date information on the Brexit negotiations brought to you by the Department of Foreign Affairs and Trade.”

Enterprise Ireland also has a hub and self-assessment questionnaire.  “Enterprise Ireland is committed to supporting its clients in preparing for the risks and opportunities that Brexit poses. Despite the uncertainty, Irish companies can and should be taking immediate action to mitigate the potential risks and position themselves to take advantage of the opportunities.”

The Netherlands government’s Brexit websites

The Netherlands has set up 3 websites to help companies and individuals understand the potential implications of Brexit.  It is in Dutch, but Google can translate to your language: is an initiative of the national government and its implementing organizations“On 29 March 2019 the United Kingdom will leave the European Union. Then Brexit is a fact. Do you do business with the United Kingdom? Or do you plan that? Then prepare yourself for doing business with a country outside the EU.The national government helps you with this.

Brexit developments. “The United Kingdom wants to leave the European Union. This was officially notified to the European Union (EU) by the United Kingdom (UK) on 29 March 2017. In the two years that follow, the UK and the EU negotiate the conditions for Brexit. And about their future relationship. The UK consists of England, Scotland, Wales and Northern Ireland.”

Brexit preparations.  “This scan is for all companies in the Netherlands. The Brexit can hit any company, even if you do not suspect it at first. Go through the entire scan to discover unsuspected effects for your company.”

Federation of Small Businesses Brexit hub

The Brexit site of the Federation of Small Businesses aims to “ensure our members get the best deal out of Brexit”.  4 reports produced in March – July 2017 are also available for download:

Companies risk running out of time to prepare for the changes that will most affect their business

An important article in the Harvard Business Review which suggests:

“Only a minority of firms are well ahead in planning and preparing a UK market strategy. At the recent Brexit Workshop we held for clients — in this case, 19 UK heads of some of the world’s largest multinational firms — 10 of them had not started or had only just begun planning for Brexit.

British Chambers of Commerce issue advice on Brexit preparation

A new Report from the British Chambers of Commerce urges businesses to begin preparing now for Brexit, and suggests “Business needs to look hard at how they will operate under new conditions in the future”.

CBI publishes ‘An A-Z of the EU rules that matter for the economy’

This major new Report from the CBI provides an A to Z of the rules that will matter after the transition period. From architects to zoos, it outlines the regulatory needs of 23 industry and service sectors.

Download CBI ‘An A-Z of the EU rules that matter for the economy’,
or visit the dedicated CBI webpage

Official Reports from the UK Parliament on Brexit

All publications from the UK House of Commons Select Committee on Exiting the EU are available here

All publications from the UK House of Lords Select Committee on Exiting the EU are available here

If ‘Brexit means Brexit’, what does Brexit mean?

Global incidence of protectionism

The summer is over, and the UK government now has the job of deciding its objectives for the Brexit negotiations. These, like all major negotiations, will no doubt be long and difficult.  They will also inevitably create major uncertainty for companies, investors and individuals as they progress. I have personally led major negotiations in a [...]

Brexit letter meant end of business as usual for the UK

UK exports to EU tariffs

  The UK economy set off into the Great Unknown in March 2017, when premier Theresa May officially notified the European Union of the UK’s intention to leave (Brexit) by the end of March 2019. In response, the EU released its draft guidelines for the negotiations: “The first phase of the negotiations should aim to agree on a divorce settlement on [...]

Lawyer Malcolm Dowden explains why No Deal is legally difficult, but not impossible to avoid

Malcolm Dowden

Following the Government’s defeat last night, Malcolm Dowden, legal director of law firm Womble Bond Dickinson, outlines why legally ‘no deal’ remains the default position, and the complicated legal options available to avoid this

Got an EU base? Brexit could impact your group structure warns Bhavini Kalaria

Bhavini Kalaria

From contracts to group structure, Brexit could impact several areas of your business warns Bhavini Kalaria, director and founder partner of The London Law Practice. Here she looks at what practical steps businesses can take now to be ready for Brexit

Ready For Brexit Chairman Paul Hodges explains why he set up our Brexit advice service

BBC News At One Brexit by Paul Hodges

Paul Hodges explains how Ready for Brexit developed into the only advice service for small businesses trying to navigate Brexit, in whatever form it takes

Brexit could end free transfer of data to EU warns Clive Halperin of GSC Solicitors

Clive Halperin

Clive Halperin, partner and head of corporate commercial at London-based GSC Solicitors LLP says businesses must make data transfer contingency plans and expect more data protection enforcement as a result of Brexit

SCALA’s MD John Perry urges SMEs to assess how their supply chains will withstand Brexit


John Perry, managing director of supply chain and logistics consultancy SCALA highlights why it is so important that small businesses audit their supply chains now to protect themselves from the effects of Brexit 

Check your currency exposure and lock-in rates now tips OFX’s Jake Trask

Jake Trask

Jake Trask, FX research director at international payments company OFX, advises SMEs who work in foreign currencies to check their currency exposure and lock-in rates now to lessen the pain later

Add Brexit clauses to contracts tips Martin Reed of Incentive FM

Martin Reed Incentive FM

Martin Reed, CEO of facilities management company Incentive FM Group advises those in the facilities management industry to include clauses in their contracts that offer them protection from the uncertainty of Brexit and from open-ended cost increases

Could the cloud become a digital no-man’s land post-Brexit asks Darren Hockley

Darren Hockley

Darren Hockley, managing director of eLearning provider DeltaNet International warns that the status of data held in the cloud may not be clear post-Brexit

Transport distribution industry will be hit hard by no deal warns Shippeo’s Steve Holmes


Steve Holmes, UK director of European supply-chain provider Shippeo, warns that the transport distribution industry in the UK and the EU will be hit hard in the event of a no-deal Brexit

Ed Rimmer of 1pm plc urges SMEs to cover all their finance bases for Brexit

1pm plc

Ed Rimmer, group managing director of independent finance facility provider 1pm plc, says it’s vital that SMEs consider all their finance options to minimise the negative effects of Brexit

China loves British products and breaking into the market is relatively simple

Stanley Chao

Stanley Chao is the author of Selling to China: A Guide for Small for Medium-Sized Businesses and managing director of US-based consulting firm All In Consulting, which helps Western companies expand into Asia. Here he explains why entering the Chinese market is easier than you think 

Being compliant with UK legislation and EU legislation will be challenging warns Aziz Rahman

Rahman Ravelli

Aziz Rahman, senior partner at law firm Rahman Ravelli explains why UK banks and other organisations could face extra obligations following Brexit

Post-Brexit could UK businesses be tarnished by EU anti-money laundering rules?

Fieldfisher on EU anti-money laundering legislation and UK companies

Corporate crime partner Francesca Titus and corporate crime associate Elliott Kenton from European law firm Fieldfisher explain how moves to tighten up EU anti-money laundering (AML) legislation could side-line UK companies

Prep is key to surviving Brexit says Rick Smith of Forbes Burton

Forbes Burton

Rick Smith, managing director of company rescue specialists Forbes Burton is an expert at keeping struggling businesses afloat. He says if a company is to survive and thrive post-Brexit, preparation for it is key

Retailers must be creative to fill warehouse jobs post-Brexit says Brightpearl’s CEO Derek O’Carroll

Derek O'Carroll

Derek O’Carroll, chief executive officer of retail automation system provider Brightpearl says that retailers must be creative to survive a possible Brexit induced warehouse labour shortage

Experts at European law firm Field Fisher asks how can UK fintechs continue to thrive after Brexit?

fintech and Brexit

Simon Lafferty, associate, banking and finance; James Walsh, partner, technology and outsourcing; and, George McLellan, associate, regulatory group, all from European law firm Field Fisher look at what the future holds for the UK fintech industry post Brexit

Dan Ennor of Global Freight Solutions says Brexit could spur businesses to explore new markets

Dan Ennor GFS

Dan Ennor, commercial director of Global Freight Solutions (GFS), says that Brexit could incentivise businesses to expand globally

Immigration analyst Karendeep Kaur explains how to obtain a sponsor license

Karendeep Kaur

Karendeep Kaur, immigration analyst at immigration law specialist, Migrate UK, explains how to go about obtaining sponsor licenses for non-European economic area (EEA) citizens

Jake Trask of OFX assesses how Brexit could impact international payments

Jake Trask

Jake Trask, FX research director at international payments company OFX, says locking in exchange rates could be one way to protect your business against the uncertainties caused by Brexit

In 2016, Britain’s shock decision to exit the European Union triggered volatile exchange rates…

The falling pound brings positives and negatives for business

Custom Planet

John Armstrong, director and co-owner of printwear and branding specialist Custom Planet is working on exploiting the pros and minimising the cons of the falling pound

This article is the view of the author and not necessarily of Ready for Brexit

Although the UK voted to leave the European Union back in June 2016, more than two years later most business owners are still unsure of what Brexit will actually entail…

Reassess your supply chain management to see how Brexit will impact

Lionel Taylor (left) and John Bugej of the Trade Advisory Network

Lionel Taylor and John Bugeja, founders of specialist trade and supply chain finance consulting firm the Trade Advisory Network, say that SMEs have to assess every aspect of their supply chain to see how it will be impacted by Brexit and what steps need to be taken to exploit the opportunities and mitigate the pitfalls of exiting the EU

The political discussions around Brexit have become ever more consuming as the intrigue and divisions between the different factions intensify…

Brexit will have a significant impact on those in the insurance industry

Janthana Kaenprakhamroy, founder and CEO of Tapoly insurance company

The insurance industry will have to adapt its business plans and working practices as a result of Brexit, says Janthana Kaenprakhamroy, founder and CEO of Tapoly

Firms that trade should consider registering for AEO status now

AEO consultant David Miller

David Miller, customs and AEO Consultant at The Customs People says that businesses involved in importing and exporting should think about registering for Authorised Economic Operator (AEO) status now to minimise any potential delays resulting from Brexit

Business mustn’t feel paralysed by Brexit uncertainty, it must start adapting now

Adjuno's Alan Gunner

Alan Gunner, business development director of supply chain platform Adjuno says businesses mustn’t be complacent about Brexit, they must act now to protect their future

The lack of clarity surrounding Brexit continues to engulf the headline news, as more and more UK businesses question what impact this move will have on their organisation. Everything is still opaque; there has been little progress made on resolving key items, leaving the majority of businesses feeling frustrated and apprehensive…

Analysis: Staff retention is key to surviving in the hospitality industry post Brexit

John Coldicutt, Planday

For businesses operating in the hospitality sector, now is the time to plan for the UK leaving the EU says John Coldicutt, chief commercial officer of the workforce collaboration software company, Planday

With so much uncertainty about the future relationship between the UK and the EU, it’s perhaps not surprising that there is also a great deal of uncertainty about what Brexit will mean for the country, some businesses are worried about the ramifications on the wider workforce, skills and supply chains, especially in the hospitality sector

Analysis: It’s time to future-proof recruitment policies in readiness for Brexit

Gary McIndoe, managing director, Latitude Law

For businesses employing non-UK citizens, now is the time to start future-proofing recruitment and retention policies and plans in readiness for the UK leaving the EU says Gary McIndoe, immigration solicitor and managing director of specialist business immigration law firm, Latitude Law.

This article is the view of the authors and not necessarily of Ready for Brexit

Analysis: SMEs consuming and providing financial services need to be proactive on Brexit

Guy Usher

The progress of Brexit negotiations has offered little clarity or comfort for the financial services industry say Guy Usher, partner, derivatives and structured finance and Simon Lafferty, associate, banking and finance, of European law firm Fieldfisher

This article is the view of the authors and not necessarily of Ready for Brexit
Given the way in which negotiations have progressed so far…

Vas Carp of LV Construction is concerned about Brexit’s impact on labour supply

LV Construction

Vas Carp, CEO of Bristol-based LV Construction Ltd, says that Brexit has already reduced the supply of construction workers available to work in the UK and he fears that his labour supply will only worsen after Brexit

Plan for the worst to survive Brexit says Smileworks Liverpool’s Ed Challinor

Ed Challinor

Ed Challinor is a volunteer police officer, barrister, and CEO and business analyst of private dental practice Smileworks Liverpool. All these different hats give him a unique perspective on Brexit and he says that to survive  Brexit and come out thriving you must prepare for the worst-case scenario and manage all of your risks

Too many SMEs don’t want to talk about Brexit warns Thermotex MD Watmore

Chloe Watmore

Chloe Watmore, managing director of Derbyshire-based custom-designed thermal products manufacturer Thermotex Engineering says that many SMEs avoid discussing Brexit, but she is adamant that it mustn’t be pushed under the carpet

Brexit’s impact on client relationships concerns PromoVeritas MD Jeremy Stern


Jeremy Stern, managing director of PromoVeritas, a London-based marketing agency specialising in promotional compliance, is primarily concerned about the emotional impact that Brexit will have on his company’s relationship with its EU clients

Gil Kahana of ChattyFeet says being flexible will help SMEs to survive Brexit

Gil Kahana, co-founder of ChattyFeet

Gil Kahana, co-founder of sock and giftware company ChattyFeet, believes that being a small business will give him the flexibility to deal with the logistics of Brexit.

Exports will cause the Brexit bottle-neck warns Rob Hardy at Oaklands International

Oakland International

Robert Hardy, is director of food distributor Oakland International, and through Oakland Invicta operates a HACCP check-point in Kent. Here he explains why he thinks that exports will be the trigger for the major Brexit disruption

Brexit has shrunk the talent pool of linguists says AC Group’s Angela Heaton

AC Group

Angela Heaton, managing director of wholesale tour operator and destination management company AC Group, says that it has got harder to recruit foreign language speakers since the referendum

Small businesses push on through Brexit despite slowing investment says DG of EISA

Mark Brownridge

Mark Brownridge, director general of the Enterprise Investment Scheme Association (EISA) says Brexit is causing some investors to hold off investing in small businesses, but it’s not putting people off starting a business

SugarVida founder Kristina Locke fears Brexit could halt organic certification

Kristina Locke

Kristina Locke founder of organic and ethically-traded food business Wholebeing Health Foods and the SugaVida brand is hugely concerned that Brexit could temporarily halt organic certification in the UK

It’s crossed wires in Europe for electrical firm Focus SB but business charges up in China

Focus SB

Gary Stevens, managing director of electrical wiring accessories manufacturer Focus SB Ltd says he has never found EU countries easy to trade with and, in comparison, his recent entry into the Chinese market has been surprisingly productive

British Boxers’ MD says her EU suppliers are astonished at how the UK is running Brexit

British Boxers

Deborah Price, managing director of Staffordshire-based underwear and loungewear brand British Boxers, is frustrated that Brexit-related issues are diverting her away from growing her business and her suppliers can’t understand why the UK is going down the Brexit route.

Robbie Toan is stockpiling to safeguard his online pharmacy, but it’s hit cash flow

Assured Pharmacy

Robbie Toan, founding director of online Cheshire-based pharmacy Assured Pharmacy which specialises in men’s embarrassing health treatments, is stockpiling medicines to avoid potential Brexit-related supply problems and it’s taking its toll on cash flow

B-Stock’s Ben Whitaker says Brexit could be huge for the UK’s little known secondary goods market


Ben Whitaker, director for EMEA for B2B online auction platform B-Stock, which specialises in reselling liquidated, overstock and returned stock and works with some of the world’s largest retailers, explains how the secondary market is set to make huge gains from Brexit

Oakmore Builders’ Lee Summers wants his EU workers’ future here guaranteed

Lee Summers

Lee Summers, managing director of Bromley-based building services firm Oakmore Builders, shown here at the launch of the Parliamentary Review of the Construction Sector to which he contributed, is incredibly frustrated that the Government still can’t give any conclusive answers on its Brexit strategy

Siddharth Shankar, CEO of Tails Trading, explains how he helps UK businesses break into Asian markets

Siddharth Shankar

The fast-developing Asian markets offer huge opportunities for UK exporters and Siddharth Shankar, CEO of Tails Trading, says he has the formula that lets British firms crack it

KellyBronze turkeys are partly taking flight from the UK, managing director Paul Kelly explains why


International turkey breeder KellyBronze is ring-fencing its businesses and moving some of its production to Holland to minimise the disruption that Brexit will cause, reveals managing director Paul Kelly

Paper prices are already sky high, Richard Slee of Adare SEC fears Brexit will push them even higher

Richard Slee

Richard Slee, chief executive of print and digital communications solutions specialists Adare SEC, says the print industry is already battling with rising paper prices and Brexit could push them even higher

Duncan Moir, product director of Epicor Software says firms must update software ready for Brexit

Duncan Moir, product director, Epicor Software

Duncan Moir, product director of Epicor Software systems says that firms must get the right software in place before Brexit if they are to minimise the disruption and additional costs it will cause their business

Dragons’ Den winner Luca Amaduzzi says Brexit may force him to move his company CYCL abroad

Luca Amaduzzi

Luca Amaduzzi is the co-founder of the innovative bicycle safety company CYCL. He successfully negotiated a deal in the venture capital TV show Dragons’ Den, but to keep his business on the winning track post Brexit he is seriously considering relocating…

Robin Penny, managing director of Penny Hydraulics is upping his stock in preparation for no deal

Penny Hydraulics

Robin Penny managing director of Derbyshire-based lifting equipment manufacturer Penny Hydraulics Group says the prospect of a no-deal Brexit has led him to over stock

Nick Russell explains how his engineering firm Thomasons has been indirectly hit by Brexit

Nick Russell director of Thomasons

Nick Russell, director of civil and structural engineers Thomasons, who have offices across the UK, says that his firm is not personally impacted by Brexit, but as its clients are it is still having a knock-on effect

Rune Sovndahl of Fantastic Services says being flexible is key to business survival

Fantastic Services

Rune Sovndahl, co-founder and global CEO of home services provider Fantastic Services says being able to rapidly adapt to changing circumstances will be key to businesses survival post Brexit.

Joe Owen Associate Director of the think tank The Institute For Government

Joseph Owen, The Institute for Government

Joe Owen, is an associate director of the think tank The Institute For Government where he’s leading the research into Whitehall’s preparation for exiting the EU. He explains how the Institute aims to help the Brexit process and why negotiating a deal for Brexit is more complicated than any other trade deal

Interview: Taig Karanjia Is Setting Up A Dutch Base For Rex London’s EU Export Business

Rex London

Taig Karanjia, chief operations officer of gifting business Rex London is creating a base on mainland Europe to minimise any disruption to his trade with EU nations post-Brexit…

Interview: James Ecclestone is considering relocating his chocolate business to Slovakia

James Ecclestone, founder of the Grown Up Chocolate Company

James Ecclestone, founder of Essex-based confectioners the Grown Up Chocolate Company says he’s always been proud to call himself a British manufacturer, but he’s seriously considering moving to Slovakia as a result of Brexit

Interview: Brexit’s Hard To Plan For Says Matt Deighton, MD of Timeless Chesterfields

Timeless Chesterfields

Matt Deighton, managing director of Lancashire-based family-run Chesterfield furniture company Timeless Chesterfields, says that the lack of clarity on the terms of Brexit makes it particularly hard to plan for…

Interview: Nick Thompson, MD of DCSL Software, says Brexit led him to reprogramme

DCSL Software MD Nick Thompson

Nick Thompson, managing director of bespoke software solutions developer DCSL Software, based in Farnborough and London says his company was initially hit hard and fast by the Brexit vote, but it’s become stronger as a result

Interview: Florent Malbranche, CEO of staffing platform Brigad, hopes to benefit from Brexit

Brigad CEO

Florent Malbranche, CEO and founder of staffing platform Brigad, which connects workers with jobs in the hospitality industry, sees Brexit as an opportunity for growth

Interview: Alex Ingham of M.I. Supplies says government must do more to help SMEs with Brexit

Alex Ingham managing director MI Supplies on Brexit

Alex Ingham, managing director of Stockton-on-Tees-based workwear, safety and protective clothing company M.I. Supplies, explains how Brexit spurred the company to explore new territories.

Interview: Luxury goods brand Maxwell Scott reveals how it’s gearing up for Brexit

Julia Munder marketing manager of Maxwell Scott Brexit interview

Julia Munder, marketing manager of the UK-based luxury goods brand Maxwell Scott, reveals how the company began adapting for Brexit days after the referendum

At what point did you realise that Brexit was going to have an impact on your business?

Straight after the referendum, we realised that Brexit would impact the business. We are a luxury leather manufacturer and retailer…