CBI publishes Brexit guide for businesses

The Confederation of British Industry (CBI) has published a Brexit guide for businesses, which provides advice and support in regards to trade between the UK and the rest of the world.

The guide, entitled ‘The Future of Trade for the UK: A Guide for Business’, includes advice to help firms manage any changes Brexit may bring. It assesses different trade scenarios for Brexit, such as UK/EU long-term agreement negotiations and third country free trade agreement negotiations, and analyses the potential impact on UK businesses.

Within the document, the CBI also called for ‘more engagement with the government’ before any Brexit negotiations begin.

In order to begin the Brexit process, the government has set an end of March deadline for triggering Article 50 – the legal process that will mark the beginning of two years of EU exit talks.

Josh Hardie, Deputy Director General of the CBI, commented: ‘As it negotiates the UK’s exit from the EU, the CBI and the business community will support the government to make Brexit a success for the whole economy.

‘A new relationship with the EU is potentially only two years down the track, so it is critical that businesses – of every size, sector and region – know, understand and feel comfortable navigating information and data about trading globally in order to make informed decisions for their futures.’