With little time remaining until the UK leaves the EU, the realities of Brexit are coming into focus. Identify the consequences of Brexit for your organisation and start acting accordingly.
In light of the recent heightened political volatility, we advise businesses to accelerate their no-deal contingency plans and be prepared for each scenario. It is important to remember that, a no deal is the default outcome, unless another solution is found which is acceptable to both the UK and the EU. This remains true even in light of the latest developments.
It remains to be seen how events pan out. We therefore advise companies to urgently implement their no deal plans where necessary while at the same time preparing for both a deal and a no-deal outcome.
For those who haven’t started implementing no deal actions, there are still steps they can take to minimise the negative impact of Brexit. But the longer they leave it, the more difficult this will be. The time to act is now.
PwC’s team of experts stands ready to help you and your business prepare for Brexit. We can assist you with: risk assessment and contingency planning, supply chain, VAT, customs,cash flow and currency, business contracts, data management and workforce mobility as well as strategic advice. We are your one stop Brexit shop!
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