A further 29% plan to move a "small amount" out of Britain.
Beneficiaries of these moves will be countries in the eurozone, the report broadly showed.
The report said: "46% of the companies in our survey said that, should they reduce capacity in the UK and move it elsewhere, this would go to the Eurozone; another 32% referred to EU countries in Central and Eastern Europe (CEE) and 29% to other EU countries (not Eurozone or CEE)."
While UBS' survey is a broad one, focusing on "corporates" — effectively all large companies — fears about shifting staff and operations are most acute in the financial services sector. That's because it relies so heavily on the so-called financial passport. [...]
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