Brexit

Brexit uncertainty leaves business planning in a sorry mess

The political world and the business world work on different timescales. Nowhere is this clearer than in relation to Brexit. There is now a real risk for businesses that the uncertainty about what type of Brexit is on the way will run close to the March 29th date on which the UK is due to leave the EU.

This may be fine for Europe’s leaders, who can go back to bed after an all-night summit. But for businesses, which need to prepare, it is hugely difficult and expensive, as contingency arrangements that may never be necessary are put in place, often at considerable cost.

This leaves three possibilities for business trying to plan their way through this. One is that, somehow, the House of Commons votes late in the day for the withdrawal agreement, perhaps helped by some amendments to the accompanying political declaration agreed by the EU.

Source

neallesh@yahoo.co.uk

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