Monday, January 25, 2021

Countdown to Brexit: Rik Pancholi, Owner and Director at Pattersons Commercial Law

With the countdown to Brexit quickly ticking away, Business Link Magazine invites a select number of the region’s business leaders to offer their thoughts.

Here we talk with Rik Pancholi, Owner and Director at Pattersons Commercial Law. 

“The interesting thing about Brexit is it has been quite possibly one of the most divisive events to occur in recent history with the most people having an opinion on it in one way or another.

“It is clear that no one anticipated the amount of work needed to put Brexit into effect and if Brexit happens on 29 March 2019, whether hard or soft, the real economic impact will not be known for years to come.

“What we can be certain of is that there is a great deal of uncertainty as to what is going to happen and this is leading to stories of businesses stockpiling goods to ensure their supply chains are not impacted, businesses stalling their investment plans for the foreseeable future until the political landscape matures and businesses getting ready to move their operations into Europe to protect their cross border relationships.

“What businesses are doing is protecting their position and what they have built.  They will need to continue to do so in the changing landscape and whatever happens on 29 March 2019, they will need to be nimble enough to respond quickly and exploit any opportunities that may arise.”

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