For three-quarters (74 per cent) of Dutch companies, the UK will continue to be the most important trading country after Brexit. This is evidenced by the Banking Department’s survey of 337 managers working in companies doing business with UK companies. While some fear losing customers as a result of Brexit, nearly half (45 per cent) of businesses say they are not involved.
Restrictions due to Britain’s exit from the European Union
Opinions on Brexit are divided and this is also reflected in the Banking Department’s research. While a third of companies (30 per cent) can no longer buy certain products and services from the UK due to Brexit, half (50 per cent) say they are not bothered by it. For 33% of businesses, Brexit is not a reason to reduce trade with the UK in the future.
A look into the future
Although Brexit involves many changes and uncertainty, a large number of businesses are signaling that they are somewhat prepared for it. For example, half (50%) of companies said they know exactly how much impact Brexit will have on their business operations. At the same time, 61% of companies choose to adapt their business operations to Brexit.
Editing is necessary
“There is a clear division in the results,” said Marcus Yarburg, Benelux head of sales at Banking Circle. This may be due to the impact of Brexit on organisations. Brexit requires some form of adjustment on all sides. However, these adjustments will be more severe for some organizations than others. At Banking Circle, we make sure that international payments are as simple as possible. This saves companies a lot of time and effort and means they don’t have to factor in the higher costs of Brexit.”
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