19 April, 2021

Business needs a Brexit Christmas gift, says IoD

Institute of Directors says businesses can only wait until March 2018 before making critical structural decisions to deal with Brexit.

Photo: Shutterstock

Businesses in Britain need progress as a result of crucial Brexit talks in December or they face making tough decisions for the future, according to the director general of the Insitute of Directors. Stephen Martin, writing in The Times, said that 60% of UK businesses intended to make contingency plans for Brexit, but many can only wait until March 2018 for firm news or they will have to make decisions about relocating abroad or opening EU subsidiaries. "Under 10 per cent of IoD members have triggered any plans so far," Martin wrote. "We are hearing from businesses that they can hold off for a short time, probably until March next year,

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Brexit, Institute of Directors, Stephen Martin