Brexit - Opportunity or Threat?

What does it mean for your business?


Are you clear what impact Brexit will have on your business?


The UK aims to be more orientated towards the global growth hotspots


Opportunities come with risks so require careful management

How will Brexit affect your business?

Graphic of signpost with Brexit Britain and EU pointing in opposite directiosn


The recently announced Windsor Framework has sought to draw a line under the ongoing tensions between the UK and the EU regarding the previously agreed Northern Ireland Protocol.

Whether it will actually deliver what the UK government says it will remains to be seen in the coming months and years, but it marks an attempt to remove Northern Ireland as a hindrance to further trade negotiations.
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Windsor Framework

The UK government has published a Command Paper which sets out new arrangements for Northern Ireland Protocol, replacing the original Protocol.

The new Windsor Framework, which the government has negotiated, aims to address the difficulties that the original Protocol has caused, including concerns around democratic governance and Northern Ireland's place in the UK's internal market.

The new agreement aims to restore the smooth flow of trade within the UK internal market, safeguard Northern Ireland's place in the Union, and address the democratic deficit.
Graphic of how UK joining changes the CPTPP

Current CPTPP members

Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam 

The CPTPP: joining is a strategically clever move

The UK government has made a savvy move by officially applying to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a game-changing trade pact with 11 member countries that account for 13% of global GDP and 15% of global trade.

With a population of 500 million people in the booming Asia-Pacific region, the CPTPP sets new rules for trade in areas such as services, investment, intellectual property, digital trade and state-owned enterprises.

The benefits for the UK are substantial. Access to the CPTPP would allow the UK to negotiate higher-level agreements with its members and replace existing terms of bilateral trade agreements, including the new Japan-UK Comprehensive Economic Agreement (CEPA). With market access to the CPTPP's highly open economies, UK industries can showcase their strengths in services and digital trade while building efficient supply chain networks.

The inclusion of innovative British industries will also help existing CPTPP members modernise their domestic economies, and success stories can be instantly communicated to other global markets thanks to the power of the UK media.

For Japan and other CPTPP members, the UK's accession would strengthen bilateral economic relations and expand their geographical scope of operation, making the CPTPP more global in nature.

Equally important, the UK's reputation as an open, free market economy and a solid democracy would help bolster the credibility of the CPTPP as an institution. All in all, the UK's decision to join the CPTPP is a smart and strategic move that sets the stage for greater economic growth and opportunity.
Image showing charts of UK economy.

Understanding the UK economy

The Office for National Statistics (ONS) produce a series of dynamically updated charts that provide an excellent overview of the UK economy, covering the areas that contribute to economic activity. It incorporates the latest data releases, formatted in to a series of charts with a brief commentary about the details of the data.

Brexit has led to many discussions and arguments about the likely short-term and long-term economic impact of Brexit. Follow the UK economy's performance as the rebound from the Covid pandemic and the exit from the EU progresses.

Our Guide To Brexit On The Web

We have carefully curated a series of resources from around the web. They are designed to provide an excellent overview of the governmental, economic, business, legal and political issues that surround Brexit and the opportunities it provides.

UK Government

Brexit and beyond

Government advice for managing the new post-Brexit regulations

Brexit Policy papers and consultations

Search for policy papers and consultations on Brexit-related issues

Brexit and Northern Ireland

Information on the UK's exit from the European Union (Brexit) and how it may affect people and businesses in N. Ireland.

Brexit and Wales

Analysis and guidance on Brexit from the Welsh government.


Hogan Lovells: Brexit hub

When law, policy and politics converge, you need advisors who do not see Brexit through a narrow lens. You need advisors who see the big picture but don't miss the details.

Baker McKenzie

Baker McKenzie’s dedicated Brexit Blog follows the key Brexit-related news and provides a succinct, easily digestible daily update on the main events. The Blog also provides in-depth analysis of more significant developments, and the likely impacts for businesses.

Norton Rose Fulbright: Inside Brexit

We have created this Brexit blog to provide up to date analysis and legal commentary as the new Brexit landscape evolves, addressing key questions and topics of interest to our clients across the different industry sectors in which they operate.

MOORE Kingston Smith: Brexit Hub

The UK and the EU are now two distinct regulatory and legal markets, creating opportunities as well as barriers to trade in goods and services, mobility and exchanges.


Institute of Directors

Amidst all the political noise and confusion, the IoD is well-positioned to help directors navigate the changes to business brought about by Brexit.


Helping you navigate the new trading relationship between the  UK and the EU

EY and Brexit

Brexit, the UK's new independent trade policy and a range of disruptions are reshaping cross-border trade. How can UK business navigate the new trade environment?

PwC: UK Trade. The New Agenda

Following the COVID-19 pandemic and the UK's exit from the EU, the UK is finding a new way in the world. A series of articles, podcasts and reports are designed to chart how best the UK can rethink its global role, and what opportunities lie ahead in boosting trade and investment.

KPMG: Future of international business

To build business resilience, it’s important for organisations to plan for the short, medium and long-term responses to Brexit. With a Brexit deal now negotiated, there will be a number of issues businesses need to face.

Deloitte: The new UK-EU relationship

The UK and the EU have reached an agreement on their future economic relationship – but it is one that will continue to evolve. Our insights are here to help you adapt now, and as further negotiations take place over the coming months and years.

Business West: Trading through Brexit

Whilst we aim to have a broad understanding of what Brexit will mean for all sectors, our primary focuses relate to those issues that we see as most affected by Brexit and where we have most expertise. These include changes to Import and Export paperwork; identification and research into new markets; logistics and tariffs; standards and regulations; workforce and employment.

ICAEW: Brexit hub

The transition period ended on 31 December 2020 and a UK-EU trade deal has been agreed. There are new rules, effective 1 January 2021. Find a range of resources to help you navigate this new chapter.

How do other countries encourage SMEs to export?

Helping SMEs to navigate the path to easier and higher export performance is a key government aim around the world. 

Find out how over 40 of our major export partners help their SMEs to export more, and encourage other countries to invest and export to them.

global country links to help smes export

The economy since the Brexit vote

With the end of the transition period for leaving the EU now well in the rear view mirror, and with Covid-19 having had a significant impact on the economy, it is hard to make any meaningful assessment for the impact of Brexit on the economy.

Rather than trying to define any particular negative or positive effect, it might be better all round, and certainly less politically divisive, to focus on the opportunities that present themselves to business. Our guide provides a series of resources available to companies looking for particular insight, support or expertise in the issues that arise from Brexit.