Tuesday, March 29, 2016

With crisis plans and cuts, British bosses brace for Brexit

Britain's big listed companies have appointed lawyers and strategists to identify the risks of a British exit, or Brexit. Wary of meddling in politics, however, they have largely not detailed their plans for the June 23 vote.

But smaller companies in the manufacturing heartlands, crucial to the economy and often inextricably linked to continental Europe, are formulating contingency plans that illustrate the risks facing businesses across the country and the steps being taken to mitigate them.

At the start of 2015, almost half of Britain's private-sector turnover came from firms that employed fewer than 249 people, according to the Department for Business .... http://www.reuters.com