Is you business ready for Brexit?

The Government has been obliged to do more to assist British businesses through Brexit after a survey showed that less than a third of businesspeople have made arrangements for the UK’s withdrawal from the EU.

A poll by the Institute of Chartered Accountants in England and Wales (ICAEW) revealed that just 29 percent of UK firms had made any Brexit plans. The survey of 500 business chiefs confirmed that less than half had even considered about the opportunities or threats introduced by the UK’s exit from the alliance.

Chief executive of the ICAEW, Michael Izza, said the chances of businesspeople seeking new clients would become little more than a “pipe dream” unless law makers did more to assist them.

He cautioned that Government smugness and complacency over matters such as the single market of goods, services, labour and capital jeopardised sending the wrong directions to businesses.

Around a third called free trade between the UK and EU as “essential to growth”, while one in five or roughly twenty percent said access to skilled labourers from the coalition was of significance.