Fewer than one-quarter of SME members of the UK Institute of Directors have made contingency plans for a no-deal Brexit.
“It shouldn’t need saying but many seem to have forgotten that getting a deal would be by some distance the better outcome, both for the UK and the EU,” says IOD interim head Edwin Morgan “If businesses can’t have faith in politicians, that means they have to look out for themselves,” he added.
Morgan seems to have little faith in MPs himself.
“Business can have no absolute reassurance that an agreement will be reached, particularly given the commitment of some Conservative leadership candidates to leaving the EU in October, with or without a deal,” he stares. “It feels like the extension is at risk of being wasted.”