As the UK begins its withdrawal from the EU, the BCC is helping businesses to consider how they can plan for the future.
Since the EU referendum in June 2016, business communities across the UK have faced unprecedented levels of uncertainty about trading conditions in the future. While the final outcome of the Brexit process remains unclear, the BCC is encouraging companies of all sizes and sectors to consider how they may be affected.
In order to help companies think about how their operations could be impacted, we have created a Business Brexit Checklist, outlining key areas of operations where firms should assess what could change.
Check, Change, Go
On 13 July, the UK government launched their Check, Change, Go campaign, to advise the public and businesses on what they need to “change” before the transition period ends on 31 December 2020.
The UK government states it will advise people on travel insurance policies, pet travel, and changes to supply chains. It will stress that the UK is leaving the Single Market and Customs Union on 31 December, and so businesses will need to prepare for changes to their movement of goods and services, for example by getting an EU EORI number or registering with the relevant Customs Authority.
However, talks are ongoing and there has been no clarification given as to what a new trading arrangement will look like with the EU, making it very difficult for businesses to prepare sufficiently. Many are also facing significant financial difficulties and pressures caused by the ongoing pandemic.
A survey from the Institute of Directors found that only one in four business leaders think they will be ready for the end of the transition period, with one in seven saying that the pandemic has stripped their bandwidth to prepare.
The campaign will run in print, broadcast and social media. They have also established an online tool to assess which actions you or your business needs to take.
Letter from the Chancellor of the Duchy of Lancaster to Exporters
We have coordinated a Letter from Chancellor of the Duchy of Lancaster, Michael Gove MP, to businesses moving goods between the UK and the EU and between GB and NI, to help them prepare for the new trading relationship with the European Union following the end of the transition period.
The letter ties in with the Government’s recently launched Check, Change, Go campaign and highlights practical steps businesses need to take to prepare for the coming changes.