Brexit: What Next?

WRITTEN ON SEPTEMBER 17, 2018. POSTED IN PRODUCT MEDIA NEWS.

The BPMA Brexit Summit took place on the afternoon prior to September's Merchandise World. With Britain set to leave the EU on 29 March 2019, businesses have to prepare for an event that still has many question marks around it.  According to CIPS, 63% of EU businesses are expected to move their supply chains out of the UK. Anglo-Dutch brand giant Unilever has opted for Rotterdam over London for its headquarters.

Airbus has warned that a Brexit no-deal could see it leave the UK. To help its members better understand and plan for Brexit, the BPMA brought along four keynote speakers to share their knowledge with BPMA members:

• Allie Renison, (pictured top left) head of Europe and Trade Policy at the Institute of Directors
• Christopher Mills, (top right), UKIP spokesman on business, and managing partner of Harwood Private Equity. He sits on the board of 25 companies. 
• Lesley Batchelor, (bottom right) director general of the Institute of Export & International Trade
• Tom Brake, (bottom left) Liberal Democrat MP for Carshalton and Wallington, and Lib Dem spokesman for Exiting the EU.


THE BREXIT IMPACT

Here are some questions you may want to ask?

    • I have European clients and suppliers. How will this affect my business?
    • What if there is currency fluctuation and the pound drops against the dollar?
    • How will lengthy border delays affect my lead-times?
    • Might business confidence affect our industry?
    • Some have predicted a loss of UK exports of £4.5bn. Will our goods be less competitive?
    • Could we lose European tenders on the basis of Brexit?
    • Could Brexit be an opportunity to reach other non-European markets?
    • Might there beareduction in foreign investment – some have predicted a 22% drop?
    • Vodafone has warned it could move its HQ out of the UK. Could other major players follow?
    • How will it affect staff requirements for those who have relied on overseas workers?
Posted on Monday, September 17, 2018 12:00 AM