The CBI’s ‘Smoothing the cliff edge’ report calls on government to implement 48 practical recommendations to support business.
With just weeks to go before the end of the transition period on 31 December 2020, there is still no certainty on the outcome of the UK’s departure from the EU. Businesses have committed significant time and resources to prepare for the end of the transition period. Rolling deadlines have left too many business-critical questions unanswered. It will now be impossible for many businesses to be ready on 1 January.
From knowing whether staff will be able to travel across borders for work; whether IT teething problems could mean delays at borders; whether firms will face tariffs that not only undermine their competitiveness, but also their very existence; to what the new rules of origin are in the event of a deal. These are all questions without answers. They are technical, but they will have a very real impact upon people’s day-to-day lives across the UK and the EU. Unresolved, they could lead to high prices, fewer choices, job losses, and even greater uncertainty