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UK businesses unprepared for a no-deal Brexit; BCC warns
The British Chambers of Commerce (BCC) warned that a “concerningly high number” of UK businesses were unprepared for a no-deal Brexit after a research showed that more than two-fifths of British companies had not conducted a Brexit risk assessment.
Parliament moved closer to obstructing a no-deal Brexit after passing a bill intended to force Boris Johnson to seek an extension, slating the exit date to 31st October.
“Businesses do not want to see a messy and disorderly Brexit, but ongoing uncertainty means they must prepare for all possibilities as the October deadline looms,” said BCC’s director general, Adam Marshall, after publishing a survey of 1,500 firms that consisted of mainly small and medium-sized enterprises. He added that, “Our evidence yet again reinforces the importance of averting a chaotic exit on October 31st.”
A spokesperson for the Department of Business, Energy and Industrial Strategy said that supporting businesses ready for Brexit was their top priority, with an additional £108 million in funding support recently.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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