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ARTICLE · 14 NOVEMBER 2018

Brexit: No Cause For Celebration

Businesses are deeply concerned about the UK's future relationship with the EU, and with the Brexit deadline now fast-approaching, it's time to start making contingency plans.

United KingdomFinance and Banking

Businesses are deeply concerned about the UK's future relationship with the EU, and with the Brexit deadline now fast-approaching, it's time to start making contingency plans.

You know the breathless media hype about Brexit has gone into overdrive when the countdown clock makes an appearance. Businesses don't need a constant reminder of the impending deadline. They are not finding much reason to celebrate. In fact they are deeply concerned about the UK's future relationship with the EU. They also have short-term fears. We're less than six months from the divorce, and nobody knows how it will happen.

In the face of uncertainty, some businesses are making contingency plans, but not enough of them. TMF Group's Brexit snapshot report found that a concerning 77% of business leaders are taking an 'as usual' approach, waiting for the details of Brexit to be known before finalising their response plan. This is despite the fact that three quarters (74%) believe Brexit

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