More than one in 10 had already set up operations outside the UK as the prospect of a no-deal Brexit becomes more likely amid Westminster gridlock. Most firms considering a move were looking to open offices inside the European Union, said the IoD, which represents 30,000 firms. Morgan said a surge of smaller firms had activated their plans in the last week. At the weekend the British Chamber of Commerce (BCC) said thousands of firms were gearing up to move operations abroad or stockpiling goods to combat the worst effects of Brexit. His business, which employs 18 workers, many of them scientists with PhDs, runs clinical trials and research into medical drugs from its UK base.

Source: The Guardian February 01, 2019 00:00 UTC