Nourished CEO on what Brexit deal means for small businesses

The transcript discusses the impact of the Brexit deal on businesses, particularly a DTC personalized vitamin business operating in the UK, Europe, and the US. It highlights the importance of government support for innovation and SMEs in the UK, especially post-Brexit. The speaker emphasizes the challenges faced due to Brexit and COVID-19, and the need for clear communication from government bodies like HMRC and the Department of International Trade.

What was the primary concern for businesses during the Brexit transition?

• Lack of government support

• High tariffs on exports

• Uncertainty about future regulations

• Increased competition from Europe

Why did the personalized vitamin company choose to set up in the UK?

• Availability of skilled labor

• Government support for innovation

• Proximity to European markets

• Lower tax rates

What is the potential impact of losing European funding on UK businesses?

• Higher production costs

• More government regulations

• Increased competition

• Reduced innovation

How did the COVID-19 pandemic affect the Brexit transition?

• It delayed the implementation of new policies

• It accelerated the transition process

• It provided more funding for businesses

• It had no impact on the transition

What role did government departments play during the Brexit transition?

• They provided regular updates and webinars

• They imposed new tariffs

• They restricted trade with Europe

• They reduced business taxes