With the Brexit landscape constantly changing, it is very easy to be unsure of what questions to ask and who to ask them too. This is not a situation you want to find yourself in as you could be missing out on information that would be vital to your Brexit preparations.
Despite the ever-increasing possibility of a no-deal Brexit, it seems that UK exporters are not adequately prepared for the difficulties this would cause them. The Liberal Democrats obtained alarming information from HMRC which highlighted that only 3 in 10 UK companies who export to the EU have obtained an Economic Operator Registration & Identification (EORI) number.
Last week, the Pound plummeted to a new low last week. Fresh from Boris Johnson’s appointment as Prime Minister, the pound reached its lowest rate against the Dollar in the past two and a half years. It is yet to recover to its pre-Brexit referendum levels, and it has weakened considerably against the Euro over the same period.
As the Brexit saga rumbles on, and the proverbial can is kicked further down the road, it seems that the only thing anyone is sure of, is that they’re unsure about everything. Many are becoming politically disillusioned, preferring to switch off from politics altogether, but it isn’t all that bad. The British and Irish governments, and the EU have managed to agree on something; the Common Travel Area (CTA).
Advice to best plan for Brexit;
Review your supply chain
There will likely be some disruption to the movement of goods into the UK and NI after Brexit. This disruption could be highly damaging to businesses who rely on a continuous supply from the EU and may also incur added production costs through new tariffs.