Businesses want 'certainty' - a no-deal Brexit won't give them that, says business expert

Businesses

Friday, February 1, 2019

A survey carried out by the Institute of Directors has revealed that a third of British businesses could move some operations abroad because of Brexit.

Appearing on the breakfast show to discuss the news, Allie Renison, head of Europe and trade policy at the organisation, claimed businesses craved "certainty".

"Leaving without a deal does not give you certainty," Ms Renison told Julia Hartley-Brewer.

 

 

"When you look at the people who are advocating no-deal, they say we're having no-deal but we'll go back into negotiations with the EU the next day. That's not giving you that long-term certainty."

The survey revealed that 16 per cent of British businesses already had relocation plans, with a further 13 per cent considering implementing one. 

 

'Less predictable, less certain'

"This is indicative of the fact that it is a slightly less predictable, a slightly less certain environment," Ms Renison said.

She added that the results of the survey showed it was smaller businesses who were more likely to consider leaving the UK "over the next weeks and months".

"It's more an indication, not necessarily of people being worried about whether it's going to be a hard Brexit or not, they're more worried about not having that certainty and so they want to go ahead and make that decision now."