• Wednesday, August 10, 2022

Business

Most UK Firms To Trigger Brexit Safety Plans By December, Warns CBI

A survey of 236 firms, representing 101 large companies and 135 SMEs, also revealed the majority will implement damaging contingency plans in the absence of greater certainty on Brexit by December 2018 (Photo by Jack Taylor/Getty Images).

By: Radhakrishna N S

Most firms in the UK will implement their strategies and plans to cope with a troubled Brexit by December if there is no clarity by then on how Britain will leave the European Union (EU), according to a latest survey. UK’s business organisation, the Confederation of British Industry (CBI) said its survey showed how the lack of a breakthrough in negotiations between the UK and Brussels was endangering British jobs, trade, business, investment, and economic growth. Eight out of ten firms say Brexit has had a negative effect on investment decisions, according to new CBI research on business preparations. A survey…

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