With the risk of a no deal scenario on 31 October edging nearer and nearer and climbing again to the top of businesses’ priorities, the CBI launched a new report analysing the contingency plans that the UK government, EU and businesses have put in place in order to mitigate the worst impacts and has recommended practical steps that they can take to improve.
Recommendations from the report, ‘What comes next? The business analysis of no deal’, are based on a comprehensive study of existing plans laid out by the UK government, European Commission, member states and firms.
From this analysis, the CBI has come to three conclusions.
- It’s time to escalate preparations. Having analysed Brexit preparations by the UK government, the European Commission, EU Member States and companies in the 27 areas of the UK’s relationship with the EU that are most important to businesses, the CBI has concluded that no one is ready for no deal.