Survey: 1/3 of UK Firms Consider Move Abroad Over Brexit
Nearly a third of U.K. firms may shift operations abroad because of Britain’s pending departure from the European Union, a survey of 1,200 company directors suggested Friday, as political stalemate over a Brexit deal heightened jitters among businesses. The survey by employers’ group the Institute of Directors found that 16 percent of businesses already had relocation plans while a further 13 percent were “actively considering” a move. The group said that while headlines have focused on big companies, less notice has been given to smaller businesses and their moves to relocate. Institute interim director Edwin Morgan said …