Brexit - Trade and the Economy
What impact will Brexit have on trade and on the UK economy?
For SMEs and large organisations trading within the European Union, Brexit has delivered little comfort and much infuriating uncertainty.
Trade is one of Brexit’s most contentious issues – and with good reason. Leaving the EU without a deal will bring enormous challenges for British importers and exporters. And if a deal is agreed, more uncertainty awaits as a trade deal with our largest trading partner is thrashed out.
The economic impact of Brexit will undoubtedly present challenges; however, the opportunities must also be explored: a weaker Pound, renewed interest in locally produced food and products, and trade openings outside the EU provide scope for growth.
In order to take advantage of Brexit-generated possibilities, you must have a clear strategy to access capital and skills over the coming years, in an economic climate which may prove turbulent.
If you are concerned about how Brexit will affect your business, speak to one of our friendly lawyers.
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