The British Chambers of Commerce has published an evaluation of official UK Government guidance to businesses on critical operational issues in the event of an unwanted ‘no deal’ exit on 31st October.
The leading business group has found that, at the time of publication, 31 of 36 business-critical areas are still marked amber or red, indicating that firms have incomplete or insufficient information available to plan thoroughly for a ‘no deal’ outcome.
The BCC does not believe that the impact of a messy and disorderly exit can be fully mitigated. Some of the key questions facing businesses depend on negotiation or some level of coordination between the UK and the EU. However, wherever possible, businesses need government guidance that is visible, clear, complete, timely and actionable to address key risks and prepare as much as possible for all scenarios. Read more….