Is your business prepared for Brexit?

The UK left the European Union on 31 January 2020. We know that the uncertainty around Brexit has made it difficult to know how to prepare, but our expert team will help you to put practical steps in place to make sure your business is ready during the commencing transitional period.

Our team of Brexit advisors offer in-depth analysis on the political, policy and legal implications of Brexit and how it will affect your business.

We specialise in a wide range of sectors and can help to answer big questions about Brexit and the preparations businesses should make, including:

  • What your business should do in the event of a no-deal Brexit?
  • How will the transitional period between Brexit and the entry into new UK-EU trade agreements affect you?
  • How will any long-term new trade agreements affect you?
  • What contingency plans will you need in place for each potential Brexit Scenario?

Our team of advisors can provide bespoke assessments of your business, including:

  • Assessing how your business could be affected by Brexit
  • Providing personalised practical plans to ensure your business is ready

We've also developed FBCMB sector specific regional tube maps, where you see the potential threats and issues which will affect your business. The 'lines' include 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.

It is already clear, 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 did while the UK was 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 and have in place contingency plans which are flexible enough to respond to developments in the negotiations.

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. 

  3. Action - 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 Brexit in your sector and can provide an in-depth analysis on the political, policy and legal implications of Brexit, and translate what they mean for manufacturing, agricultural and hospitality clients. We have 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. 

And still the Brexit clock ticks...

16/01/2019

- FBC Manby Bowdler’s Peter Wilding, Corporate Solicitor and Brexit Adviser

Let's not underestimate this crisis. It is the worst defeat for a government since 1688. Then James II was hounded out of the country. Replaced by a foreign invading protestant King. That was the Glorious Revolution. This is patently less than glorious. The Government has been utterly humiliated.

In any normal times, the Prime Minister would resign. She would call a general election. Division, in Parliament and the country, would be extirpated by a cathartic vote. But Theresa May cannot do that. Or explore alternatives to her deal. Each and every one would force a fatal split in the governing Conservative Party for the first time since 1846. And her one constant duty, as a politician Tory-schooled and reared since girlhood, has been to avoid the destruction of the so-called natural party of government. For fear of the first openly socialist opposition since 1945. For fear of presiding over the collapse of her political home and legacy.

Meanwhile, the people and the businesses who employ them, watch with dismay. No-one can plan. Worse, no-one can predict. This is a revolt. But it is one without reason. Or any immediate solution. What happens next is a microscopic examination of Westminster's collective maturity. There will either be no deal or no Brexit or the middle ground - single market and customs union membership - namely the European Economic Area. Whatever occurs, the route to a way out is not down the road of May's deal.

What happens next depends on the Labour Party. Having helped inflict this disaster, a boil has been lanced. Now Labour MPs can fan out to support what will emerge as a compromise option. If it does.

Suddenly Parliament will wake up to a myriad of straws to grasp hold of. But each is poisonous. Why Norway when it leaves the UK powerless to vote or veto? Why a people's vote when it would plunder rather than unify? Why no deal when it would impoverish rather than revive? And still the clock ticks. And the parties fissure and fight.

The sad truth is this is a chronicle of a death foretold by the ignorance of a political establishment now fully exposed. And a public clueless for wont of leadership. Whatever results will be the best of a bad job.

If you're a business which is looking for expert advice, Peter Wilding is a corporate solicitor with FBC Manby Bowdler and a specialist in EU law. Peter can be on 07901 008220 and peter.wilding@fbcmb.co.uk.

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