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According to reporting by Reuters, less than a third of business leaders in the UK are planning for Brexit or developing an exit strategy according to results from a survey by the Institute of Directors.

Key quotes

“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.  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.

“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.” “