Less than a third of UK business leaders planning for Brexit: survey

Reuters  |  LONDON 

(Reuters) - Less than a third of 800 UK leaders surveyed have carried out contingency planning on Brexit, the (IoD) said on Friday.

Forty-nine percent did not expect to affect them, while 42 percent will only make changes once the relationship between Britain and the EU becomes clearer.

Internationally-minded firms that trade with both EU and non-EU countries were more active in contingency planning, the survey showed.

"Many companies are still unprepared for Brexit, and it's hard to blame them," said Stephen Martin,

"When it comes to knowing what to plan for and when, firms have been left in the dark," he added in a statement.

"As long as no-deal remains a possibility, it is essential that the government steps up to the plate and provides advice on preparing for such an outcome. We therefore urge them to speed up publication of the technical notices."

has said it will set out the notices on no-deal preparations in August and September.

(Reporting by Maria Gabriel; editing by Stephen Addison)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 03 2018. 04:43 IST