The federation of Business Businesses ( FSB ) and the Confederation of retail traders ( 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 consequences of leaving the EU without a deal , with many unable to plan for such a scenario , while the CBI retail firms “ can not 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.