How will business be affected by a no-deal Brexit?
As has been widely reported in the media, the UK Government yesterday published an overview and 24 ‘technical notes’ which set out what it is doing to prepare for a no-deal Brexit.
They also provide guidance to businesses and citizens on what actions they might need to take.
The overview document puts the technical notices in context, explaining the current progress in negotiations and the unlikely circumstances in which a no-deal scenario might materialise.
It also explains the government’s overarching approach to preparing the UK for this outcome in order to minimise disruption and ensure a smooth and orderly exit in all scenarios.
Of the technical notes published so far, there are eight which may be of particular interest to members and business. Each of these highlight the action needing to be considered in the event of a no-deal Brexit:
Importing & Exporting:
- Trade remedies
- Trading with the EU
- Classifying your goods in the UK Trade Tariff
- Exporting controlled goods
Money and tax:
Other Technical Notes cover the following issues:
- Applying for EU-funded programmes;
- Civil nuclear regulation and nuclear research;
- Labelling products and making them safe;
- Regulating medicines and medical equipment; and
- Studying in the UK or EU.
The Government is anticipating publishing around 80 technical notes in total. All of these can be accessed on the UK Government's website.