Deloitte comments on the Brexit extension

Reacting to today’s news of an extension/flextension, Amanda Tickel, global Brexit lead at Deloitte, said:

“Businesses will have mixed feelings towards news of yet another extension today. While there is relief that the disruption of a no-deal exit on 31 October is off the table, further delay prolongs uncertainty. Businesses will be wondering what to do with partially implemented restructuring, stockpiles and logistics plans. With the added stepping stone of a possible election in the coming weeks, planning for the future could be even harder.

“While preparedness levels vary, business has generally listened to the clear government messaging to get ready for Brexit on 31 October. With the prospect of preparing for a fourth deadline, there’s a feeling of extension exhaustion.

“All businesses should continue to take the time to understand what reduced access to the EU Customs Union and Single Market might mean to them. Profound change is coming with Brexit, but ultimately businesses must adapt.”

End

Notes to editors

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