Neil Warwick, head of EU and Competition at Square One Law in Newcastle
North East businesses invited to Service Network information and discussion event.
North East businesses are being invited to find out what Brexit is likely to mean for them, and how they can best prepare themselves for the UK’s formal separation from the European Union.
Neil Warwick, head of EU and Competition at Square One Law in Newcastle, will be looking at the issues in a presentation at Service Network’s AGM at RTC North in Sunderland on August 25.
Brexit means Brexit …. But what does Brexit actually mean? will address issues around future trading prospects and potential benefits and problems for North East businesses.
Neil Warwick said: “The internet is chockful of speculation but no one has actually stood up and said: ‘This is what’s likely to happen’.
“My presentation will be split into three sections: one, the actual mechanics of exiting the EU and debunking the myths about Section 50.
“Two, the potential outcomes based on current law, and three, what businesses should be doing from a legal perspective.
“It will be factual, as opposed to the scaremongering like that which took place particularly prior to the referendum. It’s a time for calm reflection now instead of running around shouting ‘don’t panic’.
“The fastest timeline for exiting the EU is two and a half years; realistically, it could be four years, and there will be a lot of work after that. Potentially, there is a decade’s worth of change; on the one hand, there is a lot of time to deal with things but on the other hand, it’s sensible to start now.”
Service Network, which has acted as the voice of the region’s professional, creative and technical services sectors since 1995, is managed by leading business support organisation RTC North. Its monthly meetings are organised to provide networking opportunities as well as focused advice and support on different aspects of doing business.
Among the businesses expected to attend the Brexit discussion are professional services, creative and digital SMEs, including those who are used to cross-border trading without leaving their desks.
Mr Warwick said there is currently not a united approach to the issue of Brexit within the North East business community.
He said: “Smaller SMEs, which don’t export at all, aren’t too bothered. Some international businesses are very nervous about what the impact could be; but at the top end, big multinational businesses have basically shrugged their shoulders and said it’s business as usual, just a different form of trading relationship.”
However, he advises every size of business to start thinking about the repercussions of Brexit now, and to begin preparing their organisations for it.
Mr Warwick said: “Things like checking jurisdiction clauses in contracts – a key area that affects every single business – is something you can do now and put in place. If people in your business are internationally mobile, you could check what that could mean in the future.
“It will also have a calming effect if you start doing things now and get into a mindset that this is just a different way of doing things. It’s a time to be focused and to keep it simple.”
The Service Network’s and RTC North’s Jamie Ollivere, said: “We’d urge businesses with an interest in how Brexit will affect them to come along for what promises to be an informative and practical session, which will give them some ideas about where to go from here.”
The Service Network’s AGM and post-Brexit for businesses talk by Neil Warwick takes place at 11.30am, Thursday 25 August at RTC, Loftus House, Colima Avenue, Sunderland Enterprise Park, following the annual general meeting. A free networking lunch will be provided.
Businesses interested in attending can book their place online via eventbrite - https://www.eventbrite.co.uk/e/brexit-means-brexitbut-what-does-brexit-actually-mean-tickets-27000339743
Further information from Christine Holland, Holland PR & Marketing Ltd. Tel 01670 790246 or 07711 698246. Email [email protected]