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Are you prepared for Brexit?

Now that Brexit is getting real, it is vital for you to stay informed about what happens next and how it affects your business.

Below you are able to download our FBCMB regional tube maps, where you can find your sector line and see the issues that will affect you on each stop. You will travel through zones covering international standards, EU rules, opportunities, people and trade. On each step of this journey you will need advice and our team are on hand to provide it.

   

 

Your big question is how you will do business in the short term in the event of no deal, in the medium term during any transitional period between Brexit and the entry into force of a new UK-EU trade agreement, and in the long term under the new trade agreement?

It is already clear, however, that you or those you supply are not going to enjoy the same access to the EU's Single Market under a trade agreement as you do while the UK is a member of the EU.

The main threat you face is uncertainty about the outcome. Nonetheless, you need to assess the impact of a worst-case-scenario Brexit now, in other words without any withdrawal agreement in place, and have in place contingency plans which are flexible enough to respond to developments in the negotiations.

Download our briefings if you are in:

Agriculture

Manufacturing

Automative and Aviation

Leisure and Hospitality

Our team can help you with all that you need in four steps:

  1. Information - You need to have procedures in place to ensure you are well-informed about the Brexit process. Relying on press reports won’t be enough. Understanding and forecasting the likely impacts are fundamental to your Brexit strategy to gaining early competitive advantage. FBC Manby Bowdler will give you with a tailored service which monitors progress, analyses published documents, and identifies the impacts for your business the moment they become clear.
  2. Preparation - Prepare for Brexit with and without a deal. To do so, businesses should carry out a Brexit legal impact assessment followed by a Brexit commercial impact assessment. These will form the baseline of any contingency measures. To be Brexitproof, FBC Manby Bowdler’s online survey can help you legally and commercially. Sign up here.
  3. Action - Based on this survey, you should decide what contingency plans you need and when they should be activated. You might be marginally or massively impacted. Contingency measures could include setting up alternative supply chains, identifying new customer markets, or re-skilling employees. FBC Manby Bowdler has been at the forefront of advising clients on the commercial implications of Brexit. We have the experience to help you devise and implement contingency measures for your business, and stress-test them against a range of Brexit scenarios, whatever industry you operate in.
  4. Influencing - The best way to avoid a Brexit that damages your business is to influence the outcome yourself. Brexit provides an opportunity to do that, which businesses should exploit more. FBC Manby Bowdler has the benefit of advisers in Brussels and London. We can devise and implement policy advocacy strategies to influence the course of further Brexit negotiations, the negotiations on a new trade agreement and build long-term regulatory compliance strategies, including relationship-building with key influencers and government authorities.

Our team of experienced sector specialists has examined the potential impact of the Brexit in your sector. Peter Wilding, our Brexit Director, is able to provide in-depth analysis on the political, policy and legal implications of Brexit, and translate what they mean for manufacturing, agricultural and hospitality clients. He has an expert understanding of how each piece of the jigsaw of EU policy and legislation fits together, an insider’s knowledge of the political and administrative processes of the negotiations, and considerable experience of how UK legislation is enacted. Few other lawyers have a background so suited to giving Brexit advice.

 

Companies Join Forces To Help Businesses Comply With GDPR

Law firm FBC Manby Bowdler is joining forces with data and IT specialists in a bid to help the region's businesses prepare for new rules on how they protect customer information. 

 The firm has developed a guide for businesses on the General Data Protection Regulationset to come into force across Europe in May 2018 and is now working with iSecured (Information Security & Data Protection) and CSCM (IT Solutions) to provide a business owner or director all the information they need about GDPR.

Download Guide

A YouGov survey recently revealed that the majority of UK businesses are not adequately prepared for GDPR with 71% of UK businesses unaware of the fines which can be imposed for non-compliance. 

FBC Manby Bowdler's David Preece, a Partner with the firm's corporate team, said the firm wanted to develop a package of support for businesses preparing for the upcoming data protection law which will reform existing cyber-security practices.

"We may be leaving the EU but because the GDPR comes into force before Brexit is effective, they will still apply even after we’ve left. Working with iSecured and CSCM, we can guide businesses through what is required and ensure businesses meet the new regulations before they come into force, giving business owners peace of mind."

The law firm has also launched a survey to discover how prepared businesses in Shropshire and the West Midlands are for the forthcoming changes and a similar poll will be run via the firm's Twitter feed @FBCManbyBowdler. 

David also joined colleagues at the Accelerating Business Expo, held at the new Marches Centre for Manufacturing & Technology in Bridgnorth on November 3 for a seminar on the changes and the implications for small and medium sized businesses.

"It is really important that not only business owners know about the changes, but that their key decision makers and those who are directly responsible for the collation and management of data are aware as well.

"Businesses need to have a record of the kind of data they hold, where they got that data from, and who it is being shared with.

"One of the most important changes is in the procedure to allow access to data. It’s time for all companies to take cyber security seriously, especially when it comes to personal details of customers and clients," added David. 

Businesses can download FBC Manby Bowdler's free guide to GDPR hereDavid Preece can be contacted on 01902 702 025 or d.preece@fbcmb.co.uk




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