Business Secretary urges businesses to prepare for the end of the transition period

Economy & Politics | South East

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Businesses need to take action now to prepare for the UK’s new start on 1 January 2021, the Business Secretary Alok Sharma will write in a letter to over 600,000 firms across the UK.

In his letter, the Business Secretary will call on businesses to familiarise themselves with the actions they will need to take, by visiting gov.uk/transition and using the checker tool.

When the transition period ends on 31 December 2020, there will be a guaranteed set of changes and opportunities for which businesses need to prepare as the UK leaves the customs union and single market, including changes to the way businesses import and export goods, the process for hiring people from the EU, and the way businesses provide services in EU markets.

The vast majority of these actions will need to be completed regardless of the outcome of our negotiations with the EU. These include ensuring staff register for residency rights and preparing for customs procedures when trading with the EU.

To make sure businesses are prepared, the government will also host a series of sector-specific webinars throughout October to remind them of the changes they will need to make.

Business Secretary Alok Sharma said: “With just 81 days until the end of the transition period, businesses must act now to ensure they are ready for the UK’s new start come January. There will be no extension to the transition period, so there is no time to waste. I urge all businesses across the country to check gov.uk to see what action they need to take, sign up for updates, or attend one of our sector-specific webinars. Businesses have a crucial role to play in ensuring a smooth transition, and we will be there to support them through this change every step of the way.”

Businesses can sign up for the most recent updates here.

Business sectors being covered by these webinars are:

  • Services and Investment       13 October
  • Retail                                     14 October
  • Automotive                            14 October
  • Metals and Materials             20 October
  • Electronics and machinery    21 October
  • Consumer Goods                  22 October
  • Life Sciences                         27 October
  • Construction                          28 October
  • Aerospace                             29 October

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