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. 

Sheep farming facing crisis as Brexit looms, warns expert

28/02/2019

The country’s sheep farmers are facing the biggest crisis to hit the industry in nearly 200 years, a Brexit expert warned today.

A triple whammy of cheap imports, exports saddled with high tariffs and a major change in subsidies could wreak havoc across the sector if there is a no deal Brexit, FBC Manby Bowdler’s Peter Wilding says.

Mr Wilding warns that sheep farmers will face a 30 per cent cut to the value of lamb if the UK leaves the EU without a withdrawal agreement, leading some to suggest that a third of the UK’s sheep could be culled to stabilise prices.

Mr Wilding, FBC Manby Bowdler’s Brexit Director and a leading authority on the European Union, says that no other industry in the country would feel the impact of a no deal Brexit quite as keenly as sheep farmers.

“Unless there is a deal which maintains subsidies, continues compliance regimes and enables untroubled exports and imports, a no deal Brexit will represent the biggest upheaval for farming since the repeal of the Corn Laws in 1846,” he said.

“In a no deal scenario, sheep producers would effectively face low or zero-tariff lamb imports, tariffs of up to 60 per cent on some exports and a major change in subsidies.”

The Government had assured farmers that subsidies and financial support would continue until 2022 but details of what might happen after that period were still in short supply, Mr Wilding said.

And whilst the environment secretary Michael Gove had suggested tariffs could be implemented on imported food to protect the UK's agriculture sector, UK farmers would face tariffs in almost every export market after a no deal Brexit – effectively 46 per cent into the EU at current rates.

“The Agriculture and Horticulture Development Board says that lack of access to the EU will cause flock owners to cull sheep as they become increasingly unprofitable.

“It has warned that sheep farmers will suffer a devastating cut to the value of lamb under a no deal Brexit, slashing the value of a 40kg lamb by about £23 as tens of thousands of tonnes of unwanted meat drags down the value of the UK market.”

Mr Wilding is leading FBC Manby Bowdler’s Brexit Advisory Service, which has been inundated with inquiries from farmers and food producers about how they can ‘Brexitproof’ their operations.

Mr Wilding, and FBC Manby Bowdler’s advisory team, can be contacted at peter.wilding@fbcmb.co.uk or on 01694 724440.

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