Brexit has been dominating the public consciousness, Commons’ discussions and newspaper headlines since the Leave vote; and, this week has brought us the Whitepaper which has set out the UK’s Economic partnership with the EU post-Brexit. Companies have been asking themselves what the impact of Brexit will be and we now have the first indication of the Government’s view of post-Brexit Britain.
Since the referendum, public and private sector organisations have adopted various Brexit planning approaches. In our experience, most organisations have explored their plans for a no deal scenario at a minimum. Although many companies felt they were under-represented in negotiations, the Whitepaper’s softening on the economic arrangements put forward suggest that businesses’ concerns about access to talent and trade have been listened to. Brexit, like GDPR before it, provides an opportunity for businesses to reassess their capabilities. It’s a chance to evidence organisational agility, review their strategy and re-assess their business model. Those organisations that are more accustomed to change and ambiguity will no doubt have an advantage in a post-Brexit Britain.
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