UK small and medium-sized businesses are taking a "combative approach" to the possibility of a no-deal Brexit, with 59% planning to invest in information technology in 2019, according to MHR Analytics. It surveyed 200 firms across the country and found 93% are anticipating a drop in revenues after the UK leaves the European Union, with most citing lower consumer spending as the reason. Mr Bowman said a new report, due to be released in September, would estimate between 5,000 and 13,000 jobs will be lost by 30 March next year, as opposed to previously predictions of tens of thousands. The survey also revealed that 60% of companies expect their business investment plans will be affected by Brexit - up from 54% last year.
UK small and medium-sized businesses are taking a "combative approach" to the possibility of a no-deal Brexit, with 59% planning to invest in information technology in 2019, according to MHR Analytics. It surveyed 200 firms across the country and found 93% are anticipating a drop in revenues after the UK leaves the European Union, with most citing lower consumer spending as the reason. The survey also revealed that 60% of companies expect their business investment plans will be affected by Brexit - up from 54% last year.