Dec 4, 2018
Majority of British companies unprepared for Brexit
The majority of Britain's companies have not yet made any preparations for Brexit, according to a survey by the Bank of England's regional agents published on Thursday. Just under a third of companies said they had taken any of these actions to prepare for any change to trading arrangements, the BoE agents found. Business services, a category that includes banks, lawyers and fund managers, were the most likely to say they had made any preparations, while construction companies were the least likely. Road haulage companies were concerned about getting the permits necessary for truck drivers to work in the EU. Warehousing companies reported demand was "The highest it has been for some time" and there were concerns that they were nearing full capacity. Roughly a third of companies said they would not make any changes to their business strategy, a fifth said they were waiting until March 2019 and a further fifth were still formulating their plans, the report said.
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