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U.K. retailer details what comes next for no-deal Brexit prep

Paul Hodgson | October 3, 2018

While the likelihood of a no-deal Brexit seems to be stuck in limbo, few firms appear to actually be prepared for the reality. High Street retailer Next, however, recently published its “Brexit Preparation and Impact Analysis” paper that details its work toward operating under a no-deal Brexit.

“Next is planning for a no-deal Brexit,” a company spokesperson told CW. “If an FTA [free trade agreement] were to be put in place between the U.K. and EU, Next would have to consider what this deal looked like before considering the impact on its plans.”

Such calmness is uncommon. Elsewhere, the Labour Party has said it will vote against any deal the government puts forward and, consequently, put any deal to a people’s vote. U.K.-EU flights may not be able to take off and land in the event of a no-deal Brexit. Car manufacturer Toyota has warned that “no deal’” will mean not just a lack of investment, as many other firms have warned, but a post-Brexit shutdown of production at...

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