Most companies have voiced concerns about a further economic shock if Britain leaves the EU without a trade deal, according to a new research by the Confederation of British Industry (CBI).
The CBI said its study suggested that three out of four firms are worried about the impact of a non-negotiated exit from the EU.
A survey of 752 businesses made it clear that most have neither the time nor resources to prepare for a non-negotiated EU exit, CBI said.
The survey also revealed that business preparations, with the UK’s biggest trading partner for the end of the transition period have stalled or gone into reverse since January.
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