The Federation of Small Businesses (CBI) and the Confederation of British Industry (FSB) have both warned that a no-deal Brexit could have a catastrophic impact on the UK's retail market. An CBI survey found that 39% of small businesses are afraid of the fallout of leaving the EU without a deal, with many unable to plan for such a scenario, while the FSB claimed firms “cannot be protected” from the most severe consequences of a no-deal departure.
The Federation of Small Businesses (FSB) and the Confederation of British Industry (CBI) have both warned that a no-deal Brexit could have a catastrophic impact on the UK's retail market. An FSB survey found that 39% of small businesses are afraid of the fallout of leaving the EU without a deal, with many unable to plan for such a scenario, while the CBI claimed firms “cannot be protected” from the most severe consequences of a no-deal departure.