Posted: Mon 12th Oct 2020
Businesses should take action now to prepare for the end of the transition period for Britain's exit from the European Union or risk disruptions to their operations, the business secretary has warned.
In a message sent to 600,000 firms, Alok Sharma says with 80 days until the end of the transition period and no extension possible, "you need to act now".
Regardless of whether the UK secures a trade agreement with the EU, from 1 January 2021 there will be guaranteed changes to the way businesses import and export goods, the process for hiring people from the EU and the way businesses provide services in EU markets.
"Unless you take action, there is a risk business operations will be interrupted," Sharma says in the message. "You should also check with your suppliers and customers that they are taking action."
The government is encouraging businesses to use an online checker tool for advice on what they need to do to prepare.
Other issues that businesses need to consider are:
The Department of Business is also running a series of webinars with spector-specific guidance. The agenda is as follows:
services and investment - 11am, 13 October
retail - 11am, 14 October
automotive - 2pm, 14 October
metals and other materials - 11am, 20 October
electronics and machinery - 11am, 21 October
consumer goods - 11am, 22 October
life sciences - 11am, 27 October
construction - 11am, 28 October
aerospace - 11am, 29 October