PennWhite Brexit Update: February 2020

And then there were 27...

Over the next 11 months the UK and EU will try and work out a mutually acceptable deal to ensure as frictionless as possible trade between the UK and the EU. If we're very lucky, it might even be as frictionless as the one the UK walked away from on Friday night. If we're lucky. Based on the performance of our political classes over the last three and a half years, PennWhite will assume that a trade deal will not be in place by the end of the year, or that if one is, trade between the UK and EU will not be as straightforward as in the past. We will therefore continue to put measures in place to mitigate the impact of such an outcome on our operations.