What Does a No-Deal Brexit Mean For Businesses?

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Katie

After the EU and UK agreed on a delay to Brexit, it is due to happen on the 31st of October 2019! If current MP’s can’t agree on an outcome and there are no further extensions for Brexit then a ‘no-deal’ Brexit is on the cards. What does a no-deal Brexit mean for businesses? What are the consequences of a no-deal brexit? Or do you think a no-deal Brexit will leave no impact on businesses?

 

What does a no-deal Brexit look like for small businesses? 

 

A Survey by the Federation of Small Businesses (FSB) revealed that 10% of small businesses believe that a no-deal Brexit will have a positive impact on their ability to do business, whilst, 48% of small businesses believe that a no-deal Brexit will have a negative effect on their ability to do business. What are your thoughts on this? 

 

41% of small businesses believe that a no-deal brexit will have an impact on their business, but haven't started planning for it yet. Have you started planning incase of a no-deal brexit?