Finest Blog: Professional Services will be affected when Transition Period ends

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“Staffordshire is home to many companies operating in the Business and Professional Services Sector. It is a common miscomprehension that this sector does not import or export but the truth of the matter is that these so called ‘invisible exports’ account for as much, if not more, than the sum of the UK’s tangible goods being shipped overseas. However according to a recently published House of Lords’ report the UK’s accountants, lawyers, recruiters, architects and advertisers..etc are under risk of losing contracts and jobs when the Transition Period ends on 31 December.

It’s becoming clear that Professional Services are being undervalued when it comes to Brexit. The general feeling of uncertainty that 2020 has given us, married with a growing fear of job losses across the board, we must be doing all we can to ensure professionals can continue to trade.

Staffordshire Chambers of Commerce is therefore urging the Government to bear this in mind whilst conducting the Free Trade Negotiations with the EU so that this sector is not forgotten. It is of paramount importance that our professional business community can continue to work with and service overseas customers unhindered to ensure that our economy does not suffer further setbacks.”

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