Wednesday 5 August 2020

Whilst Covid-19 is understandably weighing heavy on the minds of many businesses, it is important London's firms also now prepare for new rules/what the UK's EU exit means in practice from January 1 2021 onwards.

Which is why London Chamber of Commerce and Industry has launched a new EU Exit Hub – providing free online information to help London’s businesses to prepare.

Richard Burge, Chief Executive of London Chamber of Commerce and Industry, said: “To help with preparedness, London Chamber of Commerce and Industry has produced a free EU Exit Hub and I hope the capital’s businesses find it useful.

"Even if your business does not trade with or do business in the EU, you need to begin to prepare for the impact of the new rules on the likes of supply chains, goods, services and employment.

"And for those who do trade with the EU – there’s a lot of new rules to be abreast of, and we are bringing these together into one handy resource.”

LCCI advise of four steps to take now:

• Visit gov.uk/transition for a personalised list of steps to get your business ready.
• Review your staff and hiring needs to ensure you’re ready for the UK’s new immigration system and new requirements for travelling to EEA countries.
• Review your supply chain. If you are a buyer or seller, it is important to understand how logistical and financial changes for businesses across your supply chain will affect you.
• Review your contracts to check for any terms that refer to the EU, rely on EU regulation or might need to be reviewed in light of the UK’s exit from the EU.

LCCI’s EU Exit Hub can be found here

ENDS