Economics
Businesses Preparing to Move R&D Out of U.K. as Brexit Looms
- FTI report indicates uncertainty stalling contingency plans
- SMEs unable to operate if EU imports stop: Bibby survey
Photographer: Simon Dawson/Bloomberg
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Over 60 percent of businesses are preparing to move research and development facilities and teams out of the U.K. as they ready for life after Britain leaves the European Union, according to FTI Consulting.
A survey of over 2,000 business leaders in France, Germany, Spain and the U.K. found a decline in confidence that turnover, staff and new business will continue to grow despite Brexit. The share that said they believe it would be better for their firms if Britain remains a part of the EU rose.