Brexit is an abbreviation for “British exit,” referring to the withdrawal of the United Kingdom (UK) from the European Union (EU).
Following a referendum held on 23 June 2016 in which 51.9 percent of those voting supported leaving the EU, the Government invoked Article 50 of the Treaty on European Union, starting a two-year process which was due to conclude with the UK’s exit on 29 March 2019. That deadline has since been extended to 31 January 2020.
The precise impact on the UK depends on whether the process will be a “hard” or “soft” Brexit, or whether there is a no-deal Brexit; whereby the UK would leave the EU without a withdrawal agreement.
At CI Precision we are very proud of our 50 year manufacturing history in the UK, supplying companies in over 55 countries throughout the world.
Due to the close ties we have with our own suppliers, all necessary steps have been taken to guarantee there is no disruption to our manufacturing schedules for the foreseeable future.
As experienced exporters to countries both inside and outside the EU, we have the logistical infrastructure and agreements in place to ensure continuity of supply regardless of the outcomes of Brexit on 31st October 2019.