UK could lose work af­ter Brexit: re­port

Belfast Telegraph - - BUSINESS - BY ALAN JONES

MORE than one in five firms might have to move work from the UK be­cause of Brexit, ac­cord­ing to a new study.

A sur­vey of over 900 com­pany di­rec­tors found that around one in 12 had made con­tin­gency plans for leav­ing the EU, in­clud­ing mov­ing some op­er­a­tions.

The poll showed that 22% thought they might have to move some busi­ness to the EU.

Half of those ques­tioned by the In­sti­tute of Di­rec­tors (IoD) said they wanted to keep in step with the rules of the sin­gle mar­ket for goods and ser­vices.

The sur­vey sent a clear mes­sage to the Gov­ern­ment that a fi­nal deal must min­imise bar­ri­ers to trade, said the IoD.

Al­lie Reni­son, IoD head of EU and trade pol­icy, added: “Com­pa­nies have huge po­ten­tial to grow their ex­ports and seize op­por­tu­ni­ties in mar­kets across the world, but a smooth Brexit is es­sen­tial to paving the way to­wards this.”

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