Wed, Dec 02, 2020 @ 00:22 GMT
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76% of UK firms expect Brexit uncertainty to persist until at least 2021

BoE’s Monthly Decision Maker Panel report noted that “Businesses expect uncertainties around Brexit to take longer to be resolved than in the January survey.” 76% of businesses expected uncertainty to persist until at least 2021, sharply higher than 59% in January survey.

Only 4% said they’re fully prepared for potential extra requirements for trading with EU. 38% were as ready as they can be, 31% partially prepared and 5% not prepared at all. 39% said increased tariffs is the most significant obstacles for trading with EU, 36% said restrictions on movement of people, 30% said custom declarations and checks.

Full report here.

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