We are just weeks away from the current Brexit deadline but in reality we seem no closer to reaching a deal which satisfies the UK Government, UK Parliament and the EU. The threat of a no-deal Brexit lingers – whether on 31 October or, in the event of an extension, on a future date. The reality is, therefore, that manufacturers must prepare – those who have taken steps must ensure they remain prepared, and those who have more to do should do it now.
Preparing for Brexit: Deal or no Deal published by Make UK and Squire Patton Boggs explores the impact the Brexit delay has already had on manufacturers with most already reporting significant losses, both financially and in credibility terms.
The message to Government is clear:
with just 2% of manufacturers believing a no-deal Brexit would positively affect our ability to do business with the EU, we must do all we can to avoid the irreversible impact a no-deal Brexit would have on UK manufacturing: Make UK calls on the Government to prioritise securing a deal with the EU as soon as possible.