Four fifths of businesses worry that they are not ready for Brexit – Telegraph.co.uk

Michael Gove, the Cabinet Secretary, last week admitted that disruption at the Kent border was unavoidable, having previously only warned of two-day queues of 7,000 trucks as a reasonable worst-case scenario in a leaked letter to trade groups.

In addition to the immediate effects that will be experienced by firms that trade goods with the EU or have these materials in their supply chains as well as companies with business travellers Sally Jones, EYs Brexit strategy and trade leader, said that issues of regulatory compliance, data privacy and product conformity were likely to be disruptive.

There is an alarming number of businesses expecting business as usual after the transition period ends, despite the inevitability of significant disruption and upheaval, she added.

There have been comparisons made between Brexit and Y2K, the computer programming shortcut that was expected to cause extensive havoc as the year changed from 1999 to 2000, but Brexit is a fundamentally different challenge for business.

Y2K presented a specific problem with a defined date that failed to materialise thanks to hard work from dedicated IT teams. Brexit is a process that will likely challenge businesses for weeks if not months following the end of the transition period on Dec 31.

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Four fifths of businesses worry that they are not ready for Brexit - Telegraph.co.uk