I work for a large UK industrial manufacturing company and we have just had an email from our MD stating all of the measures they have taken to prepare for Jan 1st. A huge list of items including compliance, incoming parts supply, outgoing finished product supply, ensuring employees comply with working regulations etc etc.
It then goes on to state that UK – EU trade will incur tariffs some of which can be offset by some imports, but overall there will be a significant increase in tariffs which the company will absorb for the first part of 2021 before deciding what to do. That doesn’t fill me with hope. Must be loads of companies in the same position.
When I mentioned this to a Brexit voting colleague he said ‘at least we won’t have a German Luger pointing to our heads’. I said no, we have just taken it and shot ourselves in the head.
I work for a large UK industrial manufacturing company and we have just had an email from our MD stating all of the measures they have taken to prepare for Jan 1st. A huge list of items including compliance, incoming parts supply, outgoing finished product supply, ensuring employees comply with working regulations etc etc.
It then goes on to state that UK – EU trade will incur tariffs some of which can be offset by some imports, but overall there will be a significant increase in tariffs which the company will absorb for the first part of 2021 before deciding what to do. That doesn’t fill me with hope. Must be loads of companies in the same position.
When I mentioned this to a Brexit voting colleague he said ‘at least we won’t have a German Luger pointing to our heads’. I said no, we have just taken it and shot ourselves in the head.