More than 1,200 directors of companies operating in the UK participated in the survey carried out by the Institute of Directors. The results show that 29% of companies may move headquarters due to Brexit.
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According to a survey conducted by the Institute of Directors (Institute of Directors), around a third of UK-based companies will be forced to leave the country due to Brexit, if there is no deal with the European Union.
The survey was carried out on 1,200 company directors and 16% of them said they had considered relocation plans or were planning to relocate as a result of the UK’s departure from the European Union and 13% were seriously considering the option.
This trend does not only occur in large companies but also in small companies. In fact, it is these companies that have the greatest intention to move headquarters.
The survey highlights that two-thirds of exporters to the European Union want to move abroad and four in ten directors who have developed contingency plans have explored options for operating outside the UK after Brexit.
Likewise, it says that countries in the bloc are the most common destinations considered by companies.
“These are worrying figures, but we cannot continue to ignore the real consequences of delay and confusion, nor can great leaders ignore the difficult decisions they must take to protect their companies,” said Edwin Morgan, director general while the Institute of Technology. Director.
“Change is necessary and often an important part of doing business, but the inevitable disruption and increased trade barriers resulting from a no-deal Brexit are simply not productive,” Morgan added.
With March 29 fast approaching – the day the UK leaves the European Union – and so far without a deal, anxiety is growing not only among entrepreneurs but also in many other sectors.
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