One in three UK firms plan for Brexit relocation, IoD says

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Survey finds surge of smaller companies activating plans to move operations abroad


Nearly one in three British businesses are planning to relocate some of their operations abroad or have already shifted them to cope with a hard Brexit, according to a leading lobby group.

The Institute of Directors (IoD) warned that 29% of firms in a survey of 1,200 members believed Brexit posed a significant risk to their operations in the UK and had either moved part of their businesses abroad already or were planning to do so.

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#institute of directors
#confederation of british industry cbi
#european union
#small business
#business
#brexit