UK firms ready to trigger Brexit safety plans 'by Christmas'

2018-10-21 11:00

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

A leading association of British businesses says most firms are ready to activate contingency plans, including job cuts and relocating activities overseas, by Christmas if there is no greater clarity over Brexit.

In a survey of 236 firms tilted toward small and medium-sized companies, the Confederation of British Industry says that 80% of firms say Brexit has had a negative impact on their investment decisions.

The CBI said many firms are now planning for a "no deal" scenario, which would see Britain crash out of the European Union in March without an agreement on future relations with the bloc, its biggest export market.

Carolyn Fairbairn, the CBI's director general, said the situation is now "urgent".

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

Read more on:    uk  |  brexit
NEXT ON NEWS24X

Inside News24

 
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.