IoD: Firms 'left in dark' over need for Brexit contingency plans

Possibility of no-deal

Almost half of the UK firms surveyed by the Institute of Directors (IoD) believe Brexit will not affect their business, as the organisation urges the government to provide further details on the transition.

According to Reuters, some 49% of the 800 UK firms surveyed believe they will be unaffected, which is causing them to hold off making contingency plans. Less than a third said they had already begun contingency planning for Brexit, while those that had done so were mostly firms that traded with both EU and non-EU countries.  Two-fifths of asset managers eyeing Brexit relocations Some 42% said they were waiting for further clarification on what the relationship between the EU and the UK would be after Brexit. The UK is due to leave the EU in March 2019, but there is currently no ...