The results represent a large increase on a survey in May, when 44% of EU businesses said they were preparing to switch. The findings will boost remainers’ arguments that the cost of Brexit will be a steep decline in trade with the single market. She said many were looking to base themselves inside the single market to comply with EU rules. The CIPS said just over a quarter (26%) of UK businesses had taken the opposite approach and were “strengthening their relationship with valuable suppliers on the continent”. British businesses simply cannot put their suppliers and customers on hold while the negotiators get their act together.”UK firms want a Brexit transition deal by March Read moreThe uncertainty over Brexit talks has meant that one in five UK businesses with EU suppliers have found it difficult to secure contracts that run after March 2019, he said.

Source: The Guardian November 06, 2017 06:00 UTC