Businesses prepare for Brexit

Businesses are now in a race against time to prepare for Brexit, according to a survey by YouGov. The survey of more than 1,000 businesses across Europe found only one in four organisations had a plan in place, with 53% stating no conversation had been had at board level. The study was commissioned by international law firm, Pinsent Masons, which is working with companies to prepare for the leave. Head of Brexit Advisory Team at Pinsent, Guy Lougher, said: “We are advising our clients on the review of business-critical contracts. Agreements which specifically reference the EU as the territory governed by the contract may lack clarity. There may also be ambiguity around how the impact of tariffs will be shared.” Britain has voted to leave the European Union after a record turnout of 33 million voters. The Leave campaign won with 52% of the vote, against the Remain camp's 48%.