Business development · 25 October 2018

1 in 3 UK businesses will cut jobs and relocate if Brexit clarity fails to materialise

80% of UK businesses say Brexit has already had a negative effect on their investment decisions

A third of British firms are set to take emergency measures such as slashing jobs and relocating offices if there is no Brexit clarity by November, new survey findings have revealed.

According to new CBI research on business preparations, 39% of firms said they would trigger further contingency plans including redundancies, adjusting supply chains outside the UK, stockpiling goods and relocating production and services overseas.

A quarter said they would take such measures in the absence of greater certainty on Brexit by December, whilst 1 in 5 said the point of no return for triggering their plans has already passed.


 
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