The prospect of us leaving the EU without a deal is as real as ever. Although Theresa May’s draft withdrawal deal was rubber-stamped by the EU council last weekend, it still has to receive parliamentary approval – and at this point in time it would take a brave person to bet on that happening. Of course, without a withdrawal deal we cannot proceed to the next stage of negotiating our future trading arrangements with the EU. In such a scenario, if the UK were to push ahead with Brexit it would automatically fall back on World Trade Organization rules. 

With so much political uncertainty still, the country meanwhile must prepare for the unknown. Many businesses are implementing their contingency plans so that they are prepared for what many perceive as the worst-case scenario: a chaotic, no-deal Brexit.

“We’ll have to pay the VAT up front on anything we bring into the country. We also might have a delay in our supply chain”

Jeremy English, Södra

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