The government has issued notices that aim to help both businesses and individuals prepare in the event of a UK-EU agreement not being realized. The notices cover passports and driving licenses, together with data protection and mobile phone roaming charges. With concerns surrounding the possibility, on 29 March 2019, of the UK leaving the EU without a deal, a survey by the Federation of Small Businesses (FSB) has revealed:
- 14% of small businesses have started planning for a No Deal Brexit. Another 41% believe that a No Deal Brexit will have an impact on their business but have not yet started planning for the possibility.
- 10% believe that a No Deal Brexit will have a positive impact on their business. 48% believe a No Deal scenario will have a negative effect.
Reflecting on the research, FSB National Chairman, Mike Cherry, stated:
“It is obvious that our small firms are not prepared or ready for a chaotic no deal Brexit and the impact that it will have on their businesses. If you sell your products to the EU, buy goods from the EU or if your business relies on staff from the EU, you now see this outcome as a clear and present threat to your business.”
To see the FSB survey press release visit here.
It’s coming whether we like it or not. But don’t worry! We can help you navigate your way through the uncertainty that is Brexit.