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No-deal Brexit contingency plan

10 July, 2020

While both sides are expressing a desire to get a deal the clock is ticking. We recommend that organisations continue to plan for a no-deal Brexit. Take the steps outlined below to help your organisation navigate Brexit successfully.

Four businesswomen at a meeting aroung a table in a bright office.

Prepare: Build Brexit resilience before it hits

  • Identify your key Brexit impacts
  • Agree critical business priorities, action and mitigation plans and key implementation dates
  • Identify key roles and responsibilities and decision-making authority
  • Mobilise the appropriate governance structures in your business
  • Identify and resource your Brexit Programme Management Office
  • Engage with customers, suppliers and employees to build trust and confidence ahead of what may be a difficult time ahead
  • Secure relevant customs and trade registrations and authorisations (e.g. EORI, Deferred Payment etc.) or regulatory compliance requirements (e.g. financial services) or both
  • Engage with external stakeholders such as Customs Brokers to ensure that those stakeholders are Day 1 ready to support your business
  • Train your teams and communicate your Brexit guidance (e.g. create your Day One Operations Manual)
  • Commence implementation of priority or long lead-time changes
  • Identify any immigration requirements your team may have to enable them to work in the UK

Test: Stress-test your plans

  • Assess if your key staff are available and briefed on their responsibilities prior to and after the 31 December deadline 
  • If you have a 31 December year-end, consider whether you have sufficiently considered staffing and other issues
  • Consider if all plans are in place before a potential no-deal Brexit scenario plays out. Doing this can reveal valuable insights that can still be acted upon even at this late stage
  • With Brexit happening on a Thursday, the change mid-week creates significant operational and systems issues. Ensure they are prepared to function properly on Friday 1 January 
  • Identify risks and weaknesses and adjust your plans accordingly

Respond: Confront Brexit with confidence

  • Activate the Respond phase in line with any agreed milestones or triggers
  • Maintain strong governance and decision-making structures
  • Deploy your Brexit Contingency Management Team
  • Focus on maintaining critical business activities and de-prioritise less critical activities
  • Communicate with and reassure your key external stakeholders
  • Closely monitor and manage your no-deal plan to ensure benefits realisation

Recover: Emerge stronger and more resilient sooner

  • Implement a smooth, managed transition from the contingency environment
  • Return to business-as-usual management and governance structures
  • Refocus on the long-term strategic portfolio and agenda
  • Resume routine activities that were de-prioritised during the post no-deal period
  • Collate and analyse lessons learned, consider opportunities for change
  • Maximise your competitive advantage over underprepared rivals
  • Maintain vigilance and stay prepared for unexpected developments

Contact us

David McGee

Partner, PwC Ireland (Republic of)

Susan Kilty

Partner, PwC Ireland (Republic of)

Enda McDonagh

Partner, PwC Ireland (Republic of)

Ciarán Kelly

Partner, PwC Ireland (Republic of)

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