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Less than a third of UK business leaders planning for #Brexit - survey

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Less than a third of 800 UK business leaders surveyed have carried out contingency planning on Brexit, the Institute of Directors (IoD) said on Friday (31 July), writes Maria Gabriel.

Forty-nine percent were not intending to do any planning and, of those, 49% thought Brexit would not affect them while 42% were waiting until the relationship between Britain and the EU becomes clearer.
Internationally-minded firms that trade with both EU and non-EU countries were more active in contingency planning, the survey showed.

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

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

Prime Minister Theresa May’s government has said it will set out the notices on no-deal preparations in August and September

 

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