According to the latest survey of 800 British business leaders, conducted by the UK’s Institute of Directors (IoD), less than a third of them have carried out contingency planning on Brexit, Reuters reports.
Key Findings:
Forty-nine percent did not expect Brexit to affect them, while 42 percent will only make changes once the relationship between Britain and the EU becomes clearer.
Stephen Martin, IoD Director General, noted: “Many companies are still unprepared for Brexit, and it’s hard to blame them. When it comes to knowing what to plan for and when firms have been left in the dark. 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.”
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