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BREXIT: Businesses urged to prepare for end of transition period with 81 days to go

EU Referendum – Signage And Symbols

With just 81 days to go until the end of the transition period, the business secretary has called on companies to take action now to prepare.

In his letter penned to over 600,000 companies today, Alok Sharma will call on businesses to familiarise themselves with the actions they will need to take, by visiting gov.uk/transition and using the checker tool.

When the transition period ends on December 31, 2020, there will be a guaranteed set of changes and opportunities for which businesses need to prepare as the UK leaves the customs union and single market, including 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.

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The vast majority of these actions will need to be completed regardless of the outcome of our negotiations with the EU.

These include ensuring staff register for residency rights and preparing for customs procedures when trading with the EU.

To make sure businesses are prepared, the government will also host a series of sector-specific webinars throughout October to remind them of the changes they will need to make.

Commenting, Alok Sharma said: “With just 81 days until the end of the transition period, businesses must act now to ensure they are ready for the UK’s new start come January. There will be no extension to the transition period, so there is no time to waste.

“I urge all businesses across the country to check gov.uk to see what action they need to take, sign up for updates, or attend one of our sector-specific webinars.”

Adding: “Businesses have a crucial role to play in ensuring a smooth transition, and we will be there to support them through this change every step of the way.”

A range of webinars for have been arranged by the Business Department for businesses to attend online. The first of these is on Tuesday 13 October, focusing on services and investment.

The webinars cover general areas that businesses of any shape and size will need to understand and act on, such as visas, work permits, and tariffs – as well as sector specific information.

Business sectors being covered by these webinars are:

  • Services and Investment – 13 October
  • Retail – 14 October
  • Automotive – 14 October
  • Metals and Materials – 20 October
  • Electronics and machinery – 21 October
  • Consumer Goods – 22 October
  • Life Sciences – 27 October
  • Construction – 28 October
  • Aerospace – 29 October

Tags : brexitbusinessretail
Alex Douglas

The author Alex Douglas

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