Commenting on the results of last night's votes on Brexit in the House of Commons, Andrew Gray, head of Brexit at PwC, said:
“The results of last night’s votes show that for businesses, certainty on Brexit is still some way off. It’s important for businesses to remember that until a way through can be found, ‘no deal’ remains the default legal outcome.
“With a quickly changing political landscape, it can be tempting for businesses to wait until the next political milestone before executing their implementation plans in the hope of having more clarity on the eventual outcome.
“But with under two months to go before our departure from the EU, businesses can’t afford to wait: by the time we have legal certainty, it will be too late to mitigate the impact of a no-deal Brexit.
“Our advice to businesses is don’t wait any longer. For those who haven’t started implementing no deal actions, there are still steps they can take to minimise disruption. But the longer they leave it, the more difficult this will be. Organisations need to urgently activate their no deal plans, while still preparing for both a deal and no deal outcome. The time to act is now.”
Notes to editors
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
© 2019 PwC. All rights reserved