KPMG advises clients to prepare for Brexit

27 Sep 2019

Business

Earlier this month, Jon Hughes, Director at KPMG in Manchester, delivered a Brexit talk to Strategic Partners at St Helens Chamber.

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. They operate in 153 countries and territories, and have 207,000 people working in member firms around the world.

Jon Hughes has an excellent reputation as a knowledgeable and detailed business briefing speaker on Brexit, and covered aspects of preparation planning, economic impact, and business resilience.

Jon explained: “Right now the issue businesses have is uncertainty as they still feel there are a number of options of what could happen. At KPMG we have advised clients that there is one thing they can prepare for; a no deal Brexit.”

There are many issues that a no deal Brexit will cause for many business across multiple sectors.

Jon said: “Supply chain disruption for many businesses is a major issue, especially for manufacturers. So much of our trade goes through Dover to Calais into the EU.

“The Government estimates that cross-border capacity will be at 40-60% of what it is now for at least 3 months. That will have a huge effect on products and materials being imported to the EU, and exported from the EU.

“The Government are predicting HGV’s will be delayed at the border up to be 2.5 days.”

St Helens Chamber has advisers available to help businesses prepare for a no-deal Brexit. Funded by the Department for Business, Energy and Industrial Strategy, our support is free and available to businesses across St Helens, Knowsley and Halton.

We can provide a range of services to help you prepare your business for Brexit, including:

  • A review of your export documentation requirements
  • A review of your internal processes around exporting
  • Help to find logistics advice
  • A review of your supply chain to assess for no deal EU exit impact
  • Help to understand a Brexit impact assessment
  • Support to plan for potential changes in your workforce

Jon said “Despite what is going on in what is known as ‘Project Fear’, if we leave the European Union on 31st October, we will still trade with our partners in the EU. There may be a bit of disruption, in some cases quite a bit more disruption, but trading will still happen.”

There are many useful resources available on the Chamber’s Brexit Hub webpage, including a No-Deal Guidance Dashboard, published by the British Chambers of Commerce.

To find out more contact Janet Fairclough on 01744 742015 or email janet.fairclough@sthelenschamber.com