Are you & your business ready for a ‘No-Deal’ Brexit?

By Andy Wood, Founder & Director of ETC Tax


Britain's scheduled withdrawal from the European Union (EU) is now merely weeks away.

Almost 30 months of negotiations between London and Brussels following the June 2016 referendum produced a 585-page framework for the future, known as the draft Withdrawal Agreement ("WA").

Before the ink had even begun to dry, however, both 'remainers' and 'leavers' alike were united in claiming that the document failed to live up to how they believe any Brexit should be.

A planned vote by MPs on the Agreement in December was postponed by the Prime Minister, Theresa May, as she did not feel able to marshal the support required to steer it through the House of Commons.

Her fears proved to be wholly justified as, on 15th January 2019, the Government suffered the biggest parliamentary reverse in almost a century when MPs of all parties were finally balloted on the proposals.

In the run-up to the vote, Mrs May had insisted that only two options were possible:

  1. The draft agreement struck with the EU
  2. No deal

That was despite many respected commentators at home and abroad warning that either outcome would result in the UK economy being considerably worse off.

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