Business

Less than a 3rd of UK business leaders planning for Brexit – survey

LONDON (Reuters) – Less than a 3rd of 800 UK business leaders surveyed have carried out contingency planning on Brexit, the Institute of Directors (IoD) stated on Friday.

Anti-Brexit demonstrators wave EU and Union flags exterior the Houses of Parliament in London, Britain, January 30, 2018. REUTERS/Toby Melville

Forty-nine p.c didn’t count on Brexit to have an effect on them, whereas 42 p.c will solely make adjustments as soon as the connection between Britain and the EU turns into clearer.

Internationally-minded corporations that commerce with each EU and non-EU nations have been extra lively in contingency planning, the survey confirmed.

“Many companies are still unprepared for Brexit, and it’s hard to blame them,” stated Stephen Martin, IoD director common.

“When it comes to knowing what to plan for and when, firms have been left in the dark,” he added in an announcement.

“As long as no-deal remains a possibility, it is essential that the government steps up to the plate and provides advice on preparing for such an outcome. We therefore urge them to speed up publication of the technical notices.”

Prime Minister Theresa May’s government has stated it’s going to set out the notices on no-deal preparations in August and September.

Reporting by Maria Gabriel; enhancing by Stephen Addison

Our Standards:The Thomson Reuters Trust Principles.

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