Page 18 - BOSS Today Issue 49

BOSS Today #49

BREXIT if a second wave of COVID-19 coincides

with no-deal on January 1.
In good news, it is expected that a
UK-Japan trade deal might be announced
in the coming days, following reports
BULLETIN around Stilton tariffs had driven a wedge
earlier in the month that disagreements

between the two sides.

Readiness Research
The Confederation of British Industry
found that three in four businesses are
concerned about a further economic
shock arising from a non-negotiated exit
from the EU.
21% of firms say their level of
preparedness for the end of the
Transition Period has declined since
January, while 57% of businesses have
been unable to progress their plans.
Similarly, Descartes Systems Group’s
elcome to the BOSS Brexit Bulletin. as hoping July would see a resolution, research into businesses that trade with
WWhile we hope you’ve managed to the PM has also previously said he did the EU found that:
take a holiday, we’ve been busy as usual, not want negotiations to drag on past
pulling together all the relevant Brexit September. n Two thirds of businesses have had
information. In this month’s edition A potential solution to the ‘level their Brexit preparations disrupted by
there is plenty on Northern Ireland, plus playing field’ problem is the set up of COVID-19.
trade with non-EU countries. an independent body to oversee state n Less than a quarter (23%) have high
aid rules – if this could be agreed, it confidence in their ability to cope with
Brexit Update would be a big step towards forging an the extra administrative burden of
While much of the country seems to be agreement within the remaining time, Brexit.
on holiday, the UK’s negotiating team leaving details such as the body’s powers n Two thirds (67%) of large firms are very
has continued their seventh round of to be thrashed out later. or extremely concerned about longer
talks with their EU opposites in Brussels. Round eight of the negotiations are delays in their supply chain impacting
Despite the Prime Minister’s high hopes taking place between 7-11 September their businesses post-Brexit.
for a deal by the end of July, none has in London. There will then be meetings n Fewer than one in five (18%) of UK
materialised. In fact, this month, Michel as necessary, and specialised sessions, businesses are prepared for a ‘no deal’
Barnier said trade talks were “going in the second half of September. Round Brexit.
backwards”, and that there had been “no nine of the negotiations will begin in n Almost three quarters (72%) are
progress whatsoever on the issues that Brussels at concerned about the customs
matter”. the end of September and will cut off brokerage market’s capacity post-
Instead, the deadline is now considered on 2 October. Brexit.
to be the end of October to still allow Meanwhile, a PowerPoint presentation n Two fifths (40%) are concerned about
time for member states to ratify the leaked from the Government shows customs declarations impacting their
agreement before the end of the preparations for water, food and fuel business post-Brexit.
Transition Period in December. As well shortages, power cuts and public unrest

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