Andrew Gray, Head of Brexit at PwC, commented:
“Businesses will be disappointed that with only 17 days before the UK is due to leave the EU, there is still no agreed deal. The most pressing concern for business is no longer uncertainty, but the persistent threat of no deal, either on 29 March or at the end of any extension period. Businesses will closely watch the votes of the next few days but, until a way through is found, a 'no deal' departure on 29 March is the default outcome.
“In their ‘no deal’ preparations, businesses should be thinking beyond just “Day 1” readiness. Actions they take now will help them get through any 'no deal' disruption, but it will also help their businesses adjust to the long term change in the UK-EU relationship and give them the best chance of sustaining their business as the impacts of Brexit crystalise.
“We’re advising organisations who haven’t already done so to activate their no-deal plans urgently, while still preparing for both a deal and no-deal outcome. For those that haven’t started implementing no-deal actions, there are still steps they can take to position themselves to respond quickly to disruption. But the time left to prepare is minimal, so the time to act is now.”
1. To speak to Andrew Gray or another of our Brexit experts, please contact Richard Pain on 07841 071907
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