Our report is designed to help business leaders understand and prepare for a sharp shift in the UK's relationship with the EU: hard Brexit.
The UK’s vote to leave the EU brings with it the possibility of so-called 'hard Brexit'. Understanding the various changes, analysing the risks and working through potential solutions will all be essential to help firms prepare for a post-Brexit future.
This report, in collaboration with The Boston Consulting Group and Global Counsel considers the potential impact on trade in goods and services if the UK left the EU single market and the EU Customs Union without any new trade agreement in place.
Regardless of the eventual outcome, planning for a hard Brexit scenario provides businesses with a baseline to see most clearly the potential impact of the possible changes and to make corresponding plans of action.
We believe a measured and methodical response to the questions raised requires legal, regulatory and supply chain analysis, political and policy insight and strategic advice and implementation. Should you wish to discuss how Brexit affects you and what to do in response, please contact your local Herbert Smith Freehills contact.
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The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2021