It’s safe to say we can expect continued uncertainty over Brexit to persist well into the Autumn of 2019, with the full range of outcomes (including further delay) remaining open until the last safe moment for the Government. What we do know is that industry confidence remains low and investment in new infrastructure and services will remain subdued until the outcome of Brexit is decided.
The last few months have been characterised by the re-emergence of no-deal Brexit as a very real option. Many of our clients who ceased no-deal planning earlier in the year are now looking to revisit their plans and implement changes to reduce the impact of a hard Brexit on 31 October. Their priorities to reduce risk to their business fall under the following areas:
- Market access – can we continue to trade with the EU under WTO rules? Can we execute our business successfully with our European customers and suppliers after 31 October?
- People and organisation – are we configured to operate in the run-up to and immediately after a hard Brexit? What is the impact of a hard Brexit on our workforce?
- Supply chain– do we have sufficient stock, capacity and contingency to continue operating in the event of a hard Brexit?
- Systems, data and process – what changes will we need to make to our systems and data in the event of a hard Brexit in October?