Nicholas Wallwork

So much of the news around Brexit, and particularly the impact of Brexit on business, has been, well, not exactly cheerful. (Some would say downright doom and gloom, while others might say hysterical.) And although there are obviously issues to be aware of and prepare for, but plenty of businesses are finding positive opportunities in the face of Brexit.

The Brexit vote has created uncertainty. Many are speculating as to what relations will look like in a post-Brexit world. To get a better handle on what to expect, let’s take a look at the key elements behind the Brexit vote. ©Shutterstock/lazyllamaThe withdrawal negotiations between the UK and the EU seemed to go on forever, but really they’re just the tip of the iceberg.

Brexit, market shifts, global financial crises, advancing technology — businesses have always had to cope with uncertainty and change in one way or another. While Brexit presents new challenges, stay confident that this is a storm your business can weather. When the going gets tough — whether it’s temporary disruption or huge industry change — the businesses that survive (and thrive, in fact) are the ones that keep their eyes on the ball while finding ways to adapt.

Brexit is a complicated subject that’s constantly evolving. Some issues are simply unresolved or unclear as the road to Brexit is being paved; others, such as trade, are subject to ongoing negotiations. Brexit is a bit like playing whack-a-mole in that sense — one uncertainty gets resolved or one hurdle is cleared (whack!

Brexit spawned lots of questions surrounding the General Data Protection Regulation (GDPR). Unless you’ve been living under a rock for the past couple of years, you’ll have read and heard a lot about the impact of the GDPR, which came into force on May 25, 2018. But with GDPR being a European Union regulation, do UK businesses still have to comply with GDPR rules after Brexit?

Brexit has brought about a whole new treasure trove of economic and political concerns. One in particular is that concerning how Brexit will impact Norther Ireland. If you’re living in the UK, you heard a lot about Northern Ireland and the “backstop” during the Brexit negotiations. In fact, the backstop became one of the major sticking points as far as Brexit was concerned when the withdrawal agreement went before UK Parliament for approval.

Brexit is a topic that’s dominated by political and economic jargon, and loaded with more acronyms than you can shake a stick at. What do all these Brexit terms mean? Read on to discover your very own guide to Brexit lingo. European Union (EU): The political and economic union that comprises 28 member states, with a total population of around 500 million.

Whatever happens with Brexit, whatever happens with any future trade agreement between the UK and the EU, business will continue. As with any business change, evolution or disruption, managing the impact of Brexit is bout finding ways to adapt, ride out uncertainty, and future-proof your business as much as possible.

To truly understand the effects of Brexit, we need to understand the key issues that came to the fore during the Brexit referendum campaign. Many of these issues run right to the heart of Britain’s problematic relationship with the EU. Read on to discover how Brexit will impact finances, immigration, trade, and sovereignty in the United Kingdom.