Businesses do not want a messy and disorderly exit, but with a ‘no-deal’ scenario still possible, firms need clear and precise answers to the many questions this would pose for their business.
The British Chambers of Commerce has campaigned strongly for official government guidance – and we have, where possible, welcomed the technical notices, partnership packs and other details of ‘no-deal’ planning published by the UK Government as a result. The published policies on hiring EU workers, postponed accounting for import VAT and support for the UK’s continued involvement in European standards setting respond directly to BCC calls for clarity and forward planning.
Important though these are, we need the same level of clarity across many other aspects of the business environment – especially international trade where so many basic questions remain unanswered.
The questions below capture the key uncertainties faced by businesses now.
*Please note where materials refer to precise timelines for policy, these may be subject to revision as events unfold.
BREXIT: Key Unanswered Questions For A ‘No-Deal’ Scenario