Brexit Update: What are we Doing to Prepare?

On the 29th September 2016, exactly 18 months before the UK was due to leave the European Union, I wrote in a blog post entitled Brexit and its Implications for Channel View Publications & Multilingual Matters: Since the UK referendum result to leave the European Union, I have often been asked what effect this will have on our business. These questions have come from authors, colleagues, interested friends and my mother. The honest answer to all has been “I really do not know”.

We are now only five and a half weeks away from the “Brexit date” of 29th March, and I am afraid to say that my answer has not changed very much. I have had more sleepless nights than normal and lost countless hours of productive work time in the past three months as I’ve tried to gain some understanding of what sort of impact the various different versions of Brexit will have. Many different options are still being talked about and have gained traction, lost popularity, been proposed, negotiated and discarded, but what will actually happen, we still do not know.

Immediately after the Brexit vote in June 2016, I was relatively confident that Brexit would not happen as there was just a very slim chance of the various different factions agreeing what kind of Brexit they wanted. Unfortunately I had not predicted that our government would launch down the road of negotiating a Brexit deal with the European Union before knowing what kind of a deal the UK parliament would accept. The past few months of political intrigue and inaction at Westminster have been entertaining, dispiriting and terrifying in equal measures.

Given that we are now facing a potentially very disruptive no-deal Brexit, we at Channel View Publications have had to take steps to plan for the future. We are actively talking to our European trade customers suggesting that we will support them with a small extra discount and longer payment terms should they feel able to stock up on our titles before the 29th March. We are looking to work with printers outside the UK in order to print directly in our major markets like the USA and Japan. We are talking to our printers and distributors to make sure that we understand the likelihood and scale of any serious delays at the EU/UK customs border, and whether this will have a knock-on effect at our airports. We are making sure that our UK distributor has all of the agreements and IT systems in place to provide efficient information to Customs should they need to. We are tightening our belts and building up an emergency fund so that in the event of a drop in sales, or an increase in production costs, or most likely both, we are able to work through this. Whatever happens, we will do our utmost to ensure that our authors and customers continue to receive the same level of support from us as always.

Our hoped-for outcome at the moment is that the government will come to their senses, realise the very real damage that is being done to our economy, and withdraw Article 50 until such a time as those planning for Brexit can achieve a majority for what sort of a future we want with the EU. If that is agreed, and if Brexit is still what the country wants in the full knowledge of how difficult it might be, then resubmit the letter and negotiate properly with the full backing of parliament. This, I suspect, is rather like hoping for Christmas in March…

Tommi

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