The Institute of Chartered Accountants in England and Wales (the “ICAEW”) has analysed a survey it took of UK Companies recently and found that less than a third have any substantial Brexit plans.
An even more worrying statistic that came out of the survey was that less than half of the business leaders have considered the possible effects that departing the EU will have on their work.
Most of the commentary on the survey points a finger at Government complacency, where is the direction and guidance at a pivotal time for the UK’s economy?
Michael Izza, ICAEW Chief Executive, said: “With 20 months until departure, it is now the Government’s responsibility to help pave the way for business success once we have exited the European Union. Issues raised within our research – such as access to skilled EU workers and the free movement of goods and services – should be firmly placed on the Prime Minister’s radar when she engages in talks with the EU to ensure the priorities of business are fully considered and complacency is avoided.”
At a time of uncertainty, the government should have advice in place for businesses of all sizes and it is understandably now faced with questions and requests for help from UK businesses.