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. 

Legal minefield warning for businesses over Brexit

07/08/2019

Preparing for Brexit could see businesses having to negotiate a legal minefield with new figures revealing nearly 500 pieces of legislation have been passed so far this year ahead of the split with the EU.

 
The figures show three times as many Brexit-related laws were passed in the first half of 2019 than in the preceding six months. 

Peter Wilding, the EU legal expert who coined the word ‘Brexit’ and FBC Manby Bowdler Solicitors’ Brexit Director, says the figures from Thomson Reuters were bad news for businesses. 

“There are still major trade and employment laws in the pipeline which need to be passed ahead of Brexit. Businesses trading domestically and overseas will face significant pressures in the coming months amid a legal minefield which will continue after October 31.” 

The figures show 488 pieces of Brexit legislation were passed in the six months to June, up from 112 in the previous. In the first half of 2018, only one Brexit-related law was passed.

Still to be passed are the Trade Bill, allowing the government to 'roll over' existing EU trade deals; the Financial Services Bill and the Immigration Bill, establishing the 'settled status' regime for EU citizens living in the UK. 

The figures were released as new Midlands Engine champion Robert Jenrick MP announced a further £20m for local councils to help their communities and businesses prepare for Brexit. 

The Wolverhampton MP said the funding was in addition to the £2.1 billion announced last week by the Treasury. 

Peter added: “Although I’m sure that local authorities will welcome the boost to help businesses prepare for a no-deal Brexit, the fact is that funding can only go so far when there is still so much uncertainty over the manner of the UK leaving the EU.

“We are working closely with businesses on a daily basis helping them to Brexit-proof their operations and keep them up to date with legislation which is being passed and which is pending.

“Businesses are still trying to meet other legal requirements for laws which have stalled – such as new regulations around zero hours contracts and agency working – simply because there has not been enough Parliamentary time to progress them.”

FBC Manby Bowdler has a dedicated Brexit support team led by Peter assisting businesses. For more information visit www.fbcmb.co.uk/brexit 

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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