Caspian Energy Journal Caspian European Club
Friday, 28 September 2018 11:00

UK businesses not ready for Brexit

UK businesses not ready for Brexit

Nearly two-thirds of businesses have yet to do any risk assessment of a no-deal outcome in the Brexit negotiations as “Brexit fatigue” sets in, the British Chambers of Commerce has found, Caspian Energy News ( reports with reference to The Guardian.

Adam Marshall, the director general of the BCC, said: “Too many businesses across the UK are still not ready for Brexit. Many smaller firms don’t have the capacity to scenario plan, don’t think they’ll be affected or have simply switched off from the process altogether.”

A survey for the BCC found that a quarter of companies that import or export would cut investment if there is no deal.

In findings that alarmed the BCC, 18% of respondents said they would cut recruitment and a fifth said they would move part or all of their business to the EU to ensure they could still export. The survey involved 2,500 firms across the UK between 1 August and 21 August.

The BCC is now calling on the government to redouble its efforts to reach an agreement with the EU and launch a specific programme to help businesses prepare for change and prevent a slump in investment and recruitment.

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