Not prepared for no-deal Brexit

The COVID Diaries – 111 18th July

The Institute for Government thinktank is warning that many companies are now less prepared for a no-deal Brexit than they were a year ago and have yet to make any preparations for such an outcome.

The coronavirus crisis has resulted in stockpiles being wound down, staff being redeployed and cashflows being seriously depleted. Yet a potential no-deal outcome is now less than six months away.

Official data suggests that 61% of businesses have made no preparations at all for the end of the Brexit transition period on 31 December.

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