welcome to our Brexit Breakfast Blog
Regular updates on BREXIT and the implications it has on your business' importing/exporting activities.
If Theresa has said it once she’s said it a hundred times.
‘On 29 March 2019 we leave the EU.’
So, what’s up?...
According to the latest info’ from the Bank of England around 80% of business has declared itself prepared for a no deal Brexit.
British Aerospace says it has two to three years advanced orders on the books.
While some car manufacturers have decided to leave, others have placed new orders in the UK.
Smaller companies have also been getting their act together.
Our own Brexit Contingency planning programme is now in place for many key clients.
And while some are planning for the worst, many are hoping for the best.
HMRC fast track programmes with inland simplified declarations processes (CFSP) away from potential areas of congestion are in place.
Digital management systems that already work for non-EU container business wait in readiness for EU trade.
Virtual borders that operate in Switzerland are ready to prove themselves appropriate for Ireland.
New UK tariff plans across a wide range of goods are good to go.
Over 30 trade deals are set to be put in place from tomorrow.
Rollovers have been agreed for around 55% of UK trade covered by existing EU deals while new deals with USA, Canada and New Zealand amongst others wait in the wings.
The EU has initiated a smart border scheme in Calais while instigating agreements to maintain air, rail and road continuity.
If all the above is the true, what’s stopping us?
The Independent has produced a graph showing FTSE 100 companies most exposed to Brexit.
The greater the exposure, the greater the fear.
Sadly, those with vested interests and political axes to grind have led us here.
Not knowing who to trust or what to believe.
If there is an upside to all this, it might be that any company taking steps to get Authorised Economic Operator status and embrace the problems of supply chains in a new digital environment has helped to futureproof itself.
Brexit or No Brexit.