This year, we have all been distracted by the overwhelming challenge of COVID-19, and rightly so. Widespread disruptions, dramatically changed customer behaviour and government restrictions have hit all areas of business since the start of 2020. The pandemic has reduced companies’ cash flow and bandwidth, leaving businesses extremely vulnerable to further disruptions. With what has already been a tumultuous year, there is another serious challenge looming; Brexit.
While preoccupied with the pandemic many businesses have seemingly forgotten about the massive effect Britain leaving the EU will have. Others are kicking the can down the road, intentionally ignoring it until the drastic change is upon them. On September 24th, The British Chamber of Commerce said that only 52% of UK firms that trade internationally had carried out a risk assessment ahead of the end of the Brexit transition period on 1 January 2021.
With less than