Way back, February 2019 to be exact, we posted an article speculating on the effects of Brexit. We said:
“Having spent the past few weeks (months?) frantically completing and filing tax returns, practitioners could be excused for side-lining Brexit issues as a tedious “noise” to be ignored. Perhaps it would be wise to revisit that reaction and consider the downside risks – initially for clients – and then for their own practice, before the present deadline, 29 March 2019, is upon us.”
We speculated that if there were to be supply line difficulties post Brexit, almost everyone in the UK would experience any downside consequences: shortages, price increases, recessionary pressures, cash flow issues, and so on.
Sound familiar?
In spite of these difficulties, clients and practitioners have battled on and in some respects businesses that have survived the Brexit upheaval and the demands of the COVID pandemic are leaner and more able to survive.
When we closed our 2019 post we also said:
“Dismissing Brexit as a boring distraction is perhaps the equivalent of rowing towards the rapids without turning around to see where you are going. This year, more than any other in the past, is a time for taking time out to consider these options before it’s too late. If you don’t step outside the box and provide leadership, someone else will.”
Even if you consider that we are over the worst of recent disruptions, it will still be a good idea to check your wing mirrors from time to time. It’s the challenges that sneak up on us that will be missed, and create the most jeopardy, if we simply gaze down the road ahead.
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