Economics

It’s a Cruel World for U.K. Companies Weighing No-Deal Brexit

Britain needs to replicate more than 30 trade deals with countries around the world and time is running out.

Photographer: Matthew Lloyd/Bloomberg
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It was Airbus SE and clothing designer Burberry Group Plc this week. Rarely a day passes in Britain without another corporate warning about the perils of leaving the European Union without an agreement.

While the focus has been on trade with the EU, the problem is that what’s become known as a “no-deal Brexit” might be just as bad for companies doing business with other parts of world. And executives and policy makers say there’s little they can do to prepare.