UK Businesses Should be Better Prepared for No-Deal Brexit Scenario

UK businesses should prepare themselves for a no-deal Brexit instead of relying on assurances by political leaders.

No-deal Brexit?

According to the Interim Director General of the Institute of Directors, Edwin Morgan, UK businesses should prepare themselves for a no-deal Brexit instead of relying on assurances by political leaders.

A survey by the IoD revealed that less than 25% of firms had activated Brexit contingency plans in April, while over 50% had no contingency plans in place yet. Morgan stated that companies should use this Brexit delay to develop a better understanding of their potential exposure to risks arising from a no-deal Brexit scenario.

He also launched a scathing attack on British politicians saying that they had vastly underplayed the risks of leaving the EU without a deal through misleading language.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers