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.
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. In response, MHR said the investment in IT was an attempt to "take the risk out of decision making".