Although more than 440 financial services providers have moved (part of) their business operations or employees to the EU, the UK remains the most important trading country for three-quarters (74%) of Dutch businesses, even after Brexit. .
This is demonstrated by research conducted by Banking Circle on 337 managers working in B2B companies in the UK. While some of those surveyed fear losing customers as a result of Brexit, nearly half of businesses (45%) indicate they are not worried about this.
Opinions on Brexit are divided and this is also reflected in Banking Circle research. While a third of businesses (30%) can no longer purchase certain products and services from the UK due to Brexit, half of businesses (50%) indicate they are not affected. For a third of businesses (33%), Brexit is not a reason to reduce trade with the UK in the future.
Brexit requires adaptability
Although Brexit brings major changes and uncertainties, research shows that a large proportion of businesses are prepared for it to some extent. For example, half of businesses (50%) say they know exactly how Brexit will impact their business operations. Meanwhile, 61% of companies are choosing to adapt their business operations to Brexit.
According to Marcus Jarbaugh, head of Benelux sales at Banking Circle, the results show a clear divide. “This may be due to the impact of Brexit on organisations. Brexit requires some form of adjustment from all parties. However, these adjustments will be more radical for some organizations than for others.
“At Banking Circle, we ensure international payments are as simple as possible. This saves businesses a lot of time and effort and means they don’t have to factor in higher costs as a result of Brexit.”
Read also: More than 40 financial institutions choose Amsterdam after Brexit
