Brexit: Firms look to sell overseas as UK takes control of trade policy



Tom Belger | Yahoo Finance

British businesses are eyeing up overseas markets as Brexit paves the way for new global trade deals and the coronavirus hammers the UK economy, according to a survey.

A poll of business leaders shared exclusively with Yahoo Finance UK saw 45% report that COVID-19 had shown they were “too reliant” on one market for revenue.

Some 57% said they were now looking for new opportunities abroad to alleviate the damage from the pandemic. More than a quarter said they had made staff redundant, and almost half had furloughed workers.

The poll by Opinium for global logistics firm One World Express comes as Brexit talks hit the headlines once again and MPs debate the UK government’s post-Brexit trade bill on Wednesday.

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