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What will Brexit cost your business?

Web Hosting Blog

Whatever your stance on Brexit, there can be no denying the fact that the UK’s exit from the European Union on 29th March 2019 is shrouded in uncertainty. In the event of a deal being struck between the UK and the EU, we would see a softer transition period running from 29th March 2019 to 31st December 2020. This would allow businesses time to prepare for the exit, and get everything in place that they need to before the new rules between the UK and the EU come in to force. The difficulty is that at the moment, there is no certainty over what this deal would involve, or indeed, if we will have one at all.

In the event of a no-deal Brexit, the UK will sever all ties with the EU with immediate effect at 11pm on 29th March 2019 with no transition period. The government has stated their concerns that this could cause a significant disruption to businesses, particularly those who have customers and suppliers within the EU. It also poses uncertainty for multinational companies with premises and factories within the UK, with many citing concerns that this could have a long-term effect on the British economy. It’s important to note there are varying degrees of opinion on this matter, many of the opinion that things would not be quite as bad as others envision, and vice versa.

Since the referendum, the value of the Pound has fallen and is currently 10-15% down against the Euro. The fall of the Pound actually means that, in theory, exports will enjoy a boost as UK goods will be cheaper to buy in other countries, but goods imported in to the UK may become more expensive. Depending on where a UK business’s suppliers are based, this could mean that they could find their overheads increasing.

Currently the UK is one of the strongest markets in the EU. But there is no way to predict exactly what the impact of leaving the EU is going to be. This makes it difficult for companies who wish to prepare and ensure they are in the best position possible before the 29th March. Last summer, the government published a series of technical notices to assist both UK citizens and UK businesses of the best course of action to take, including in the event of a no deal Brexit. This included advice such as ensuring you are well informed of the domestic consumer rights for any customer that you provide goods or services to if they are located within an EU country, and to strongly consider whether you may need to take professional advice on how Brexit arrangements could affect your particular industry or your specific infrastructure. Companies may also be concerned about any EU funding they are currently in receipt of, however the government has stated that they will guarantee that “UK organisations will continue to receive funding over their project’s lifetimes if they have successfully bid in to EU-funded programmes before we leave the EU.”

It’s fair to say that due to all of the above, a vast number of UK businesses may be facing uncertainty over potential changes to their income and expenditure over the coming months in particular. The fact is that nobody can really predict how costs may fluctuate based on the outcome of Brexit.

Something that you will be able to rely on though, is the cost of your cloud hosting with CWCS. Our fully customisable cloud servers deliver the ultimate in reliability, and have been built with scalability in mind, meaning you have complete control to tailor the resources and therefore their corresponding costs, to your needs and budget. Unlike some other hosts, we include unlimited data transfer with all our cloud hosting packages, and we never charge any hidden fees. So whatever happens in the future, you can rest assured that you can depend on on your cloud hosting costs to remain consistent and reasonable.

Get in touch with us today and speak to a hosting specialist to find out more about our cloud hosting and if it’s right for your business.