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. 

Is Theresa May's plan finally dead?

26/03/2019

So we reach the endgame. This is Charles I losing control of Parliament in 1642. So what does this mean, how will it work and is Theresa May's plan finally dead?

Tomorrow is a historic day in which the government does not have control over what the Commons debates. MPs will put forward motions on potential ways forward on Brexit and vote on them. These will be Norway Plus (single market plus customs union), May's deal plus customs union, no-deal Brexit, revoke and a second referendum.

Oliver Letwin, the Cromwell of this power battle, told MPs yesterday that the first vote would be exploratory, rather than definitive. Seeking a consensus. Next Monday, MPs would vote in a run-off of options. This separation of outcome and process means MPs will almost certainly favour single market and customs union membership which, for business means that the costs and compliance hits foreseen if we leave without a deal recede slightly.

Ironically, this chance at consensus spells bad news for the more radical propositions on both sides of the debate: no-deal, which is unlikely to get any significant support, and maybe also the People's Vote - unless MPs agree any option chosen should be put to the people. Labour's Keir Starmer said "some of these options are not like-for-like options. It would be possible to say that, whatever deal there was at the end of that exercise, it ought to be subject to the lock or safeguard of some sort of confirmation vote."

On the other hand, the act of MPs taking control could even prove an unexpected boost for the government. Today, Jacob Rees-Mogg was saying that he would back the deal if the DUP did, heralding a wave of capitulation towards the deal. May could then hold another meaningful vote, get it passed, and Britain would be out on May 22nd.

But it's unclear if even this shift in support would get her over the line. There is probably a baseline of about 20 ERG MPs who'll refuse to vote for May's deal. The DUP has today said no. There are a similar number of moderate Tories on the other side of the party who won't vote for it either. So to get it passed, the prime minister will need to find Labour votes. They may only come if she agrees to a referendum.

Like Cromwell, Letwin could get a taste for removing control from the Queen's ministers. Once they support a given option he can remove government control over them again, but this time with the intention of passing legislation, rather than just holding votes. With the government refusing to abide by whever option wins through, the problem reaches a head when Parliament tells Theresy May to enact plan B. How can she do so without splitting her party? But with the last ERGers ready to upend the government in a vote of no confidence, May - despite her promise not to - could collapse the Parliament and seek a new general election on May 2nd, an act which begs a lot more questions than it answers.

It took 2 years of Parliamentary mission-creep before Charles I raised his standard at Nottingham. Revolutions don't happen overnight. They are incremental. What is certain is that Theresa May will not preside over the next stage.

Businesses can just watch.

If you would like to contact Peter or the rest of the team to discuss any of the above please call 01694 724440, 07901 008220 or email peter.wilding@fbcmb.co.uk.

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