Brexit impact on industry sectors

At one point, Brexit negotiations appeared to be all about fishing. For one crabbing company in south-west England, the upshot has been much more complicated than they would have hoped.

The UK government admits that post-Brexit trade deals include clauses that could prevent companies benefitting from freeport tax breaks, affecting business worth up to £35bn annually.

London remains Europe’s major global finance centre despite Brexit and retains its second-place ranking in a list of the best financial centres around the world behind New York, according to new research.

8 February 2021: As MD of Hutchison Ports Europe, ICAEW member Clemence Cheng has a bird’s eye view on the impact of infrastructure investment on trade, society and the environment.

Following the UK’s exit from the EU, ICAEW’s John Mongelard looks at the future regulatory framework for the UK and the risks ahead.

8 January 2021: As an employer or an employee, it is worth understanding how certain provisions on mobility in the new EU-UK Trade Cooperation Agreement will affect business activities.

16 November 2020: The Chancellor has set out the government’s plans to make the UK a world-leader in green finance and financial technology.

3 November 2020: A webinar hosted by the UK Association of Southeast Asian Nations Business Council has highlighted the strength of the UK-Vietnam trading relationship and the continued opportunities available to both countries.

Report from the House of Commons Environment, Food and Rural Affairs Committee. Areas considered include how the TCA has affected seafood and meat exporters to date, the effect on the market for British exports, the longer-term structural issues that now affect businesses and how some of these barriers to trade might be reduced.

Snapshot from the Food and Drink Federation providing data on the export and import of food and drink products between the UK and EU in February 2021.

Report from the Agriculture and Horticulture Development Board assessing key opportunities for the sheep sector now that the UK has left the EU. Includes sections on the sheep trade, domestic consumer demand, international consumer demand and competition analysis.

Report from Make UK exploring the key trends experienced by UK manufacturers in the early months of 2021. Examines the impact of the new trading relationship with the EU, including what has been challenging, what has improved and what obstacles remain for manufacturers.

Snapshot from the Food and Drink Federation providing data on the export and import of food and drink products between the UK and EU in February 2021.

Report from the British Meat Processors Association examining the impact of the first three months of trading with the EU as a third country. The report seeks to differentiate between 'teething problems' and more serious impediments to trade that are affecting British companies.

Checklist from the Department for Digital, Culture, Media & Sport for fashion professionals working, performing or touring in Europe. Includes: important checks; visa/work permits; transporting samples, examples and finished goods; transporting commercial goods; haulage; social security and income tax.

Results of a survey by think tank Fashion Roundtable of industry leaders in January and February 2021. Provides data and insights into the impact of the UK-EU trade deal on the UK fashion and textiles industry.

Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.

Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.

Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.

Guidance from the Department for Business, Energy & Industrial Strategy for the construction sector on working with the EU from 1 January 2021.

This 45-minute session with the Institute of Export and International Trade and Bibby Financial Services will update traders on the state of global trade as economies exit Covid-19 lockdowns and the UK adapts to new trade rules with the EU.

Summary of a study from think tank New Financial on the impact of Brexit on the UK banking and finance industry and the emerging post-Brexit landscape of financial centres across the EU. Full report available upon request.

House of Lords select committee report on the future UK-EU relationship on trade in services. Considers the crucial elements in the TCA affecting trade in services between the UK and the EU, together with areas where further agreement is required. Sectors covered: financial services; professional and business services; data and digital trade; the creative industries; research and education.

Guidance from the Department for Digital, Culture, Media & Sport for the tourism sector from 1 January 2021. Areas covered include visiting Europe, visiting the UK, employees, data, services, movement of goods and EU funding.

Briefing from UK law firm <a href="https://www.traverssmith.com/">Travers Smith</a> on the issues to be considered for business travel between the UK and the EU27 post transition.

Latest advice from the UK Government on how to prepare for business travel to Europe from 1 January 2021.

Information from the Charity Finance Group on Brexit. Includes articles on what the UK-EU agreement means for charities, how charities should prepare for a post-EU era and opportunities for civil society.

Guide to help third sector organisations in Wales prepare for Brexit. Covers more immediate actions together with medium and longer-term changes to consider.

Guidance from the Department for Digital, Culture, Media & Sport for the civil society sectors, including charities, social enterprises and voluntary organisations, on working with the EU from 1 January 2021.

Letter from the Department of Health and Social Care. Provides industry and the wider supply chain with the latest advice and guidance in relation to contingency preparedness, initially put in place for the end of the Brexit transition period to help ensure the continuity of supply of medical goods into the UK.

House of Lords select committee report on what the EU-UK Trade and Cooperation Agreement (TCA) means for food trade, fisheries, environment and climate change, energy and carbon pricing, chemicals and health.

Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.

Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.

Guidance for the life sciences sector on new rules from 1 January 2021. It covers importing and exporting, selling goods, trading with the EU, workforce, providing services, R&amp;D funding, regulations, IP, and the Northern Ireland Protocol.

Article from law firm Faegre Drinker. Discusses the implications of Brexit on certification processes for aerospace production, design and maintenance-repair-overhaul and the impact on aeronautical companies in the EU and UK.

Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.

Guidance published by GOV.UK for those working in the transport sector or travelling to the EU from 1 January 2021. Areas covered include: Bus and coach businesses and drivers; Freight, road transport businesses and commercial drivers; Visiting or living in the EU; Aviation and flying; Maritime and shipping; Rail.