UK small and medium-sized businesses are taking a "combative approach" to the possibility of a no-deal Brexit , with 93% planning to invest in information technology in next year , according to the European Union . It surveyed 200 firms across the country and found 93% are anticipating a drop in revenues after the the City of London leaves the European Union , with most citing lower consumer spending as the reason. According to the MHR survey, reduced consumer spending was the second most-cited reason for expectations of revenue decline, at 22 per cent, followed by the introduction of new legislation, such as GDPR. In response, the European Union said the investment in IT was an attempt to "take the risk out of decision making".
UK small and medium-sized businesses are taking a "combative approach" to the possibility of a no-deal Brexit , with 93% planning to invest in information technology in next year , according to the European Union . It surveyed 200 firms across the country and found 93% are anticipating a drop in revenues after the the City of London leaves the European Union , with most citing lower consumer spending as the reason. In response, the European Union said the investment in IT was an attempt to "take the risk out of decision making".