Is your business ready for Brexit?

An image showing the UK Houses of Parliament, with the Union Jack and the EU flag above them. The text on the image reads "are you ready for Brexit?"

It’s been almost three years since the United Kingdom voted to leave the European Union, and still, we’re no closer to discovering what the future relationship will look like, or what the UK’s departure from the EU will mean for British business. With that being said, there are ways you can help prepare your business for Brexit, to ensure you’re in the best position to mitigate any negative consequences it may have.

Earlier this year, Cirrus Research CEO Daren Wallis, recorded a short video message answering some of the questions we’d received regarding Brexit.

In his video message, Daren outlines just some of the things Cirrus has done to mitigate the effects of Brexit, so we are as well-positioned as possible to meet the many demands and challenges the UK’s departure from the EU will pose. Some of these things may be transferrable and applicable to your business, but others may not. Thankfully, the British Chambers of Commerce has published an online checklist of things businesses should be looking at, in order to get ready for Brexit, which you can find here.

The nine-point list may not apply to your business, but it’s good to have as much knowledge as possible, to ensure that you’re prepared for every eventuality. So, what are the nine points?

  1. Workforce

  2. Cross-border trade

  3. Taxation and insurance

  4. Currency, intellectual property and contracts

  5. Regulatory compliance and data protection

  6. Sectors

  7. Countries

  8. European funding and public procurement

  9. GOV.UK business preparation tool

Many of these points have been discussed in the news by politicians and political commentators, but it’s often difficult to find an unbiased view and of what these things mean. You need to know the facts and what you should do to prepare, and the Chambers of Commerce website offers exactly that.

The next few months, like the last few years, are going to be crucial for the future of UK businesses and jobs. Whatever happens, make sure you’re prepared for any outcome so you can continue to do business across Europe and the UK.

Should there be any major updates,  I’ll write a blog again outlining what they are and what they mean for Cirrus and other businesses.

Clarke Roberts

Content & Marketing Executive at Cirrus Research plc

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