It would seem that the EU are as anxious as many in the UK that we avoid a no-deal Brexit. News broke towards the end of last week that a postponement process has been agreed by the EU parliament, albeit for a few weeks.
Time for our jaded politicians to step up to the plate and get on with the job they were elected to do.
But, and it’s a BIG but, there is still no certainty for UK businesses on the outcome.
No doubt practitioners advising clients will have been advocating business fitness strategies:
- Effective management of cash flow,
- Applying for the necessary import / export licenses with HMRC,
- Securing supply lines,
- Building working capital, and so on.
The only advice provided by government thus far is if we crash out with no-deal. Advice was first published last year, updated 12 October 2018, and has a wealth of information on how to prepare if the UK leaves the EU with no deal. See https://www.gov.uk/government/collections/how-to-prepare-if-the-uk-leaves-the-eu-with-no-deal.
The whole of Europe is now holding its collective breath. Most of the UK’s business community is likewise anxious for a determination to the Brexit issue.
Perhaps Mrs May will consult with the works of Michel de Nostradamus before facing her peers this week. Or draw lots with the I-Ching. Or simply flip a coin.