• Noel Aloko

Brexit: Five things to consider

Five key Brexit areas that you might need to think about:

Do you export goods to the EU?

  • Make sure you have a GB EORI (Economic Operator Registration and Identification)

Do you import goods from the EU?

Do you employ EU nationals?

Will currency volatility affect your business?

  • Assess and understand your currency risk exposure.

  • Establish a hedging policy and determine whether to engage in hedging based on your understanding of risk-reward and costs.

  • Hedge currency volatility with an efficient risk-mitigation tool.

Have you mapped your supply chain?

  • Talk to your banker about your cashflow and invoice finance.

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