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East Midlands Chamber News

Video suggests the minimum businesses should do now for smoothest Brexit

A video guide setting out the minimum businesses should be doing today to ensure the smoothest possible Brexit transition has been produced by the Chamber.


In under two-and-a-half minutes, Chief Executive Scott Knowles outlines the areas of greatest risk to businesses and warns firms not to wait for Brexit to happen to them before doing anything about it.


The video references the British Chambers of Commerce Business Brexit Risk Register, an at-a-glance guide to progress being made on matters crucial to business, which Scott says “you won’t be surprised is still showing red across most measures”.


It also supports the work done by the Brexit Advisory Group, set up by East Midlands Chamber in collaboration with Chamber Strategic Partner RSM, one of the UK’s leading providers of audit, tax and consulting services, to ensure the needs of business remain paramount in the thoughts of politicians as they negotiate Britain’s divorce from the EU.


The Brexit Advisory Group, led by Dr Nik Kotecha, Chief Executive at Loughborough-based Morningside Pharmaceuticals, adopted the checklist Scott talks about in the video and which businesses should be using to identify where they could face the biggest impact from Brexit.


The checklist can be downloaded free from https://bit.ly/2LmZCHZ.


To see the British Chambers of Commerce assessment of Government progress against its Business Brexit Risk Register, visit  https://bit.ly/2uvuShR.


To see the video, go to https://bit.ly/2LjWH6q.


Scott said: “The video is the first in a series we plan to publish to help firms have the smoothest possible transition to a post-Brexit economy.


“The big problem we have today is that the best advice we can give to business is to plan for the worst but hope for the best. This is simply not good enough when we have only a few months left before we have to put a deal on the table and only eight before the Brexit deadline next March. Business needs more certainty so that it can plan future investment, from recruitment through product development to plant and premises.


“We’ve made plain that in our opinion, while not taking political sides in the debate about whether Brexit is a good or bad thing, the time has come for politicians to stop bickering and get behind the process of making the transition as easy as possible, with the needs of business paramount in their thoughts.”