Yet again, Brexit has been delayed and No Deal is off the table, for now. The UK and the EU have agreed upon a Withdrawal Agreement, but parliament has only provisionally agreed to this Brexit deal. Provisional is the keyword here.
The delay to ratifying the Withdrawal Agreement has been allowed to enable parliament to scrutinise every sentence of the contract. The Brexit deal could literally fall apart as it is pulled apart by MPs.
There is also talk of a General Election and possibly a new referendum, the outcomes of which could change the Brexit landscape again: Crucially, they will also eat into the time needed for proceeding with the next stage of Brexit – negotiating our new trade agreement with the EU. Typically, free trade deals take years to complete. And if this trade agreement is not reached by the end of January 2020, in just over a year we could be looking at leaving the EU without a deal once again.
Uncertainty is always there in business, but this year has been particularly dicey. At least you have time to reassess how each scenario could impact on your company and then make a plan for each of these.
Whatever you do, don’t just sit on the sidelines. Don’t let things slip, stay prepared.
Ready For Brexit