Thursday, 4 April 2019

BBC BREXIT NEWS

Brexit

Bank of England boss told most firms 'not ready for Brexit'

Mark Carney
Reuters
The governor of the Bank of England, Mark Carney, made a flying visit to Cumbria this morning and was told fewer than half the county's businesses in a survey had started preparing for Brexit.
At a working breakfast he met a number of business representatives including Julian Whittle, from Cumbria Chamber of Commerce, who told him that while 57% of firms in the county expected leaving the EU to harm their prospects, only 19% expected to benefit.
“Most of those are in the tourism sector where a further fall in the value of the pound could attract more overseas visitors while encouraging Brits to take holidays in the UK,” said Mr Whittle.
Businesses that had started Brexit preparations had adopted a range of measures including pausing recruitment and investment, currency hedging and stockpiling supplies.

Bank of England boss told most firms 'not ready for Brexit'

The governor of the Bank of England, Mark Carney, made a flying visit to Cumbria this morning and was told fewer than half the county's businesses in a survey had started preparing for Brexit.
Mark Carney
Reuters
At a working breakfast he met a number of business representatives including Julian Whittle, from Cumbria Chamber of Commerce, who told him that while 57% of firms in the county expected leaving the EU to harm their prospects, only 19% expected to benefit.
“Most of those are in the tourism sector where a further fall in the value of the pound could attract more overseas visitors while encouraging Brits to take holidays in the UK,” said Mr Whittle.
Businesses that had started Brexit preparations had adopted a range of measures including pausing recruitment and investment, currency hedging and stockpiling supplies.

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