British Companies Are Frantically Preparing for a Messy Brexit
There are limits to how much more some industries can prepare. For food manufacturers, chilled storage is full and fresh food can’t be stockpiled. To try to stock up any more would be prohibitively expensive, said William Bain, a policy adviser at the British Retail Consortium, which represents more than 5,000 retailers.
“People are busting a gut to make sure they do what’s deliverable,” Bain said. “Six months ago, people didn’t feel we’d be in this position, but it’s where we’ve landed.’’
Some major firms still have their finger hovering over the nuclear option: to move outside the U.K., said a FTSE 100 chief executive officer, who asked not to be identified discussing confidential plans. If Britain confirms it’s in a no-deal scenario, those companies will go, the person said.
View the full story here: https://www.bloomberg.com/news/articles/2019-02-22/companies-trigger-last-ditch-brexit-plans-as-no-deal-looms