WHERE ARE WE UP TO WITH B

brexit-Tony McDonough

WHERE ARE WE UP TO WITH B

Where are we up to with Brexit?
Presently Brexit is on the back burner until the election of our new Prime Minister is over.  Then what?

During the first half of 2019, Business Growth seemed to continue and so many assumed Brexit is making no difference to Trade. Should anyone care to investigate further then the reason for the continued growth is obvious. With the panic of potentially no direct trading with EU, Manufacturers and the like were stockpiling for future months to come.  But as there’s still no decision on Brexit when does this end?

As there’s a limit to storage space and cash flow on just how much exactly companies can continue stockpiling the surge has come to a standstill.  Therefore, trading for the next half of 2019 may be very gloomy. 

Political uncertainty
Following the HMRC briefing, Liverpool Chamber member Richard Hogg, tax director from accountancy and business advisory firm BDO, said: “Although the transitional and simplified procedures that HMRC has already announced on imports in the event of a no-deal Brexit scenario provide some clarity for businesses, it is the political uncertainty around our future relationship with the EU and other trading partners that is the major concern.

“Until there’s clarity on this point, business confidence and investment will continue to be affected.”

The meeting was held at Clarke Energy in Knowsley, a specialist in the engineering, installation and maintenance of engine-based power plants with operations in 25 countries across the world.

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