New online tool to help Belgian business prepare for no-deal Brexit
    Share article:

    New online tool to help Belgian business prepare for no-deal Brexit

    © Belga
    © Belga

    Belgium’s Economic Affairs Department on Tuesday presented an online tool aimed at enabling Belgian businesses with interests in the United Kingdom to assess the impact on them of the British withdrawal from the European Union, Brexit, particularly if there is no agreement between the parties. Discussions between London and Brussels are currently constructive, but important sticking points remain, such as the issue of the Irish border and the “four freedoms”, Deputy Prime Minister Kris Peeters, said at a press conference.

    “Our businesses therefore need to prepare for all scenarios, including the most negative among them,” he added.

    The new online tool, known as the Brexit Impact Scan (BIS), provides personalized analyses and will enable employers to obtain advice on limiting the impact of a no-deal Brexit on their companies. It is an evolving tool that can be adapted when there are significant advances or setbacks in the negotiations, its designers say.

    A no-deal Brexit could cost 2.2 billion euros and 40,000 jobs, according to businessman Paul Buysse, chairman of the Brexit High Level Group.

    Maria Novak
    The Brussels Times