It feels like we are entering the business end of the Brexit process. While politicians from every hue thrash over the possibilities of a no-deal exit or the likelihood of a second referendum, business must still get on with planning for every outcome.

With that in mind, Next- which has raised its profit guidance for the year by £10 million to £727 million on the back of strong half year online sales- has produced a Brexit analysis which outlines the risks the fashion retailer faces from a no-deal withdrawal from the EU.

As a response to the uncertainty of Brexit, Next has hedged its exposure to the pound for products it intends to sell up to January 2020, so does not expect any cost price inflation over this period, irrespective of how the currency moves.

Toward the end of the year, this approach may become a more prominent feature of more company bulletins. It’s a clear-headed approach the business sector needs to maintain while the political see-sawing continues.