The departure of the United Kingdom (UK) from the European Union (EU) will impact many businesses operating inside and across UK borders. As of January 1, 2021, it's likely the impact on UK businesses will revolve around these areas: ...
This new report is a joint study by Cranfield School of Management, using Dun & Bradstreet data, to investigate the risks and measures UK and EU businesses have taken regarding their supply bases since the Brexit referendum in June 2016. The UK officially left the EU on 31stJanuary 2020. Bet...
First, Brexit was reported to be one of the top three sources of uncertainty for around 40percent of UK businesses in the two years after the vote in the June 2016 referendum, and this proportion increased further in Autumn 2018. Hence, Brexit provided both a major and persistent uncertainty...
A further year of coming to terms with the Brexit vote in the UK has hardly eased worries about its impact – if anything, fears being expressed privately are greater now than before, even if the public messaging is mostly a breezy get-on-with-it mentality. African businesses see Brexit up...
Brexit: 12 months on The impact and what you need to know in 2022 Join our session as we review the key legislations from 2021 and the impact on businesses, as well as looking ahead to new and upcoming tax reforms when selling internationally. ...
First, Brexit was reported to be one of the top three sources of uncertainty for around 40percent of UK businesses in the two years after the vote in the June 2016 referendum, and this proportion increased further in Autumn 2018. Hence, Brexit provided both a major and persistent uncertainty...
Undoubtedly, Brexit has been and continues to be challenging to businesses. It’s hard to estimate precisely the economic damage caused by Brexit. Many economists agree that it has had a negative impact on the UK economy, with some estimates suggesting that it has reduced GDP by up to 2% in...
The impact on UK businesses, however, has varied significantly so far. For example, airlines and homebuilders saw share prices fall 30% on average in the two weeks following the referendum, while mining companies saw share prices rise approximately 20%. (See Exhibit 1.) ...
The Resolution Foundation suggested the impact on British businesses exporting to the US of a 10-20% general tariff would be “roughly equivalent in scale to the non-tariff barriers that Brexit imposed on goods sales to the EU” and would further widen the divide between goods...
So, what are the upsides of Brexit for UK businesses? Some of the main advantages include: More opportunities in other markets: It’s yet to be seen exactly how Brexit will impact trade with other parts of the world, but a motivating factor in leaving the EU was the ability to sign fr...