Only 6% are ready for cashflow and liquidity problems if the UK leaves the EU without a deal on 31 October, according to a survey commissioned by InterTradeIreland, a body that advises small and medium-sized companies.
Similarly, just 6% of cross-border traders have examined the legal implications for business contracts.
It was “startling” evidence companies were ignoring the looming threat, said Aidan Gough, InterTradeIreland’s head of strategy and policy, in a statement.
“Ignoring Brexit is a bigger issue than not preparing for it. Failing to take into account how it may impact your business could be very detrimental down the line ... Brexit is now just too big to brush under the carpet.”
If market access changed, businesses could face significant additional costs unless they took urgent steps to protect themselves, said Gough. [...]
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InterTradeIreland survey results
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