5 minute read 2 Nov 2020
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What steps are leading businesses taking to adjust to Brexit

By EY UK

Multidisciplinary professional services organisation

5 minute read 2 Nov 2020

Watch our video series to hear EY specialists examine critical changes and challenges for business operating models. 

Even if a UK-EU trade deal is agreed, many changes for business are now inevitable. Yet only one in nine of businesses surveyed have a good understanding of the risks associated with being unprepared for Brexit and have mitigations in place.

New concerns are also emerging - typically focused on areas either previously seen to be ‘ready’ or that were pushed to the ‘we’ll address later’ list, including regulations, IT and data, and pricing.

There are outstanding questions on how certain processes will operate but enough is known for no-regrets, tactical actions to be taken now. Our video series explores the challenges, mitigating actions possible and how businesses are responding. 

1. IT, systems and data


2. Commercial and pricing


3.  Regulations and compliance


4. Legal and contracts


5. People, workforce and talent


6. Trade in services 

7. Trade in goods and customs 


8. Tax and finance 


9. Northern Ireland 

Summary

Brexit will reshape the UK’s trading environment with wide-ranging impacts for businesses. Change is now inevitable and businesses cannot afford to wait for certainty on the outcome of the UK-EU negotiations. Our video series explores what’s changing, mitigating actions possible and how leading businesses are responding.

About this article

By EY UK

Multidisciplinary professional services organisation