Brexit: UK-based firms in no rush to relocate

A majority of businesses are yet to change their strategic planning due to Britain’s decision to leave the EU, a survey of chief financial officers shows.

The Reuters survey found only 12% of CFOs had investigated moving operations out of Britain, and while 34% said that they anticipated the number of employees in the UK decreasing, only 19% said they planned to relocate staff as a result of Brexit.

Big businesses were vocal in the run-up to the referendum in June of last year that a vote to leave the EU could hit investment and the labour market, with uncertainty lingering over sectors from financial services to the car industry.