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. 

Farmers ‘caught in the crosshairs of Brexit’ says expert

23/07/2019

A leading Brexit expert says farmers are now firmly caught in the crosshairs of our exit from Europe – and do not appear to recognise the scale of the threat they face.

 

Peter Wilding, Brexit Director at leading Midlands law firm FBC Manby Bowdler, says large numbers of farmers say they back leaving the EU without a deal even though it could place their own livelihoods in jeopardy.


Mr Wilding says the agriculture sector could pay the heaviest of prices in the event of a so-called hard Brexit and warned farmers a ‘Brexit tsunami’ was about to hit them.

“There is something particularly difficult to explain going on in the farming community at the moment,” said Mr Wilding, a European law expert who is a leading authority on Brexit and was the first man to coin the word.

“Of all the business sectors destined to be adversely affected by Brexit, British agriculture tops the league. In spite of this, the Knight Frank Rural Sentiment Survey 2019 of 200 farm businesses revealed that more than a quarter of farmers are backing the hard Brexit which will directly imperil their futures. 

“Yet despite facing such problems, real and potential, more than half of businesses said they were making zero changes to cope with the challenges or opportunities of Brexit. 

“But I am afraid that the things that are farmers' main concerns - restrictive planning policy, poor rural broadband, fly-tipping, commodity prices and succession issues - will be as nothing when the Brexit tsunami hits them.”

Mr Wilding said FBC Manby Bowdler’s own research had indicated that farmers were more worried about Brexit than the Rural Sentiment Survey suggested, but had yet to grasp the full implications of  what a no deal exit could mean.

“Farmers must be ready for a generational existential threat to not only their businesses but their communities,” he warned. 

“They face pressure on all fronts. If we leave the EU without a deal it is certain that incomes will fall, land prices will fall and exports will fall. 

“At the same time we know that tariffs, costs and imports will all rise and that the farming sector will be  "on the table" in all future trade agreements. 

“British farming is firmly in the crosshairs and farmers must protect themselves.”

Mr Wilding, who is based at Church Stretton, Shropshire, 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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