No-Deal Brexit has Drastic Implications for UK Firms Reliant on EU27 Supply Chains

It’s widely accepted that the decision of the UK to leave the EU imposes a key challenge for trade relations. The outcome of trade negotiations, which were resumed in an hour-long telephone call on Thursday after a week-long stalemate, is yet to be decided. But it’s unlikely that the final deal (or no deal) will be enough to counteract an increase in trade costs that will hit UK firms particularly hard, as well as heaping additional distress on supply chains.