UK Corporate Warnings on Brexit Soar Amid ‘No-Deal’ Fears

The number of UK companies including warnings over Brexit in their annual reports has more than doubled in the past six months as the threat of a no-deal exit from the EU has increased, according to filings from medium and large businesses to Companies House, the Financial Times reported. Companies operating in the manufacturing and retail sectors have mentioned Brexit the most, highlighting the impact that potential tariffs and border delays could have on businesses that rely on “just in time” delivery of supplies. An analysis of filings by Company Watch, the research group, showed that the proportion of UK companies mentioning Brexit had increased steadily since the 2016 referendum, to about 17 per cent in January 2019. But the number of companies flagging Brexit in Companies House filings more than doubled in the past six months, with more than a third referring to it. Read more