Bank of England governor Mark Carney has backed Theresa May’s EU withdrawal plans and warned a no-deal Brexit would be the “worst outcome”.
Chief executive Dominic Blakemore said the group has plans in place to begin stockpiling ‘where appropriate’.
The business support and lobby group the CBI has issued a unanimous statement to the government as it appears to be imploding following the announcement that a Brexit deal had been struck.
The boss of Iceland has urged politicians to put aside personal ambitions and seal Theresa May’s Brexit deal, as businesses seek clarity after a tumultuous week.
The pound plummeted on Thursday as a series of ministerial resignations dealt a blow to Theresa May’s Brexit deal.
Quorn Foods is making Brexit contingency plans as it opens a new facility to keep up with rising demand for alternatives to meat.
The boss of Young’s Pubs has said the company is making contingency plans for a hard Brexit“It was very good news for business, the news business has been waiting for,” he said.
But he said the resignation of Brexit secretary Dominic Raab makes a Brexit deal look “less likely”.
Young’s, which on Thursday unveiled solid sales growth in the first half, has put contingency plans in place in case of a no-deal scenario, such as turning to new world wines if there is disruption to supply from the EU.
Mr Dardis said the group would also support its staff, 38% of whom are from the EU.
The Brexit Secretary’s shock resignation was described as a big blow for business (Stefan Rousseau/PA)“We’re doing everything we can to help them understand the status that they will have, and if there are forms that need ..
The British economy could take a hit of up to 8% if there is no Brexit deal, the International Monetary Fund (IMF) has warned.
Brexit is an abbreviation for the term “British exit,” similar to “Grexit” that was used for many years to refer to the possibility of Greece leaving the Eurozone.