Source: Straight talking and business advice from PwC (2)
The clear advice from PwC is that you should make your business plan on the basis that the UK will be a Third Country trading with the EU on WTO (World Trade Organisation) rules in two years’ time. Make your risk analysis:
• How is your revenue line constructed?
• What are the impacts of the assumptions in your working model?
• What is the impact on your cost base?
• What impact will there be on your working capital requirements?
PwC has a set of Brexit “Impact Assessment Tools” which they use to work through client companies’ business plans and identify particular risks. From the brief descriptions in this document, they bear a striking resemblance to the Bord Bia Brexit Barometer checklist system which was in fact developed in collaboration with PwC.