Three in four UK firms unprepared for Brexit, study shows

IoD says half of companies questioned cannot fully plan for end of transition period due to lack of clarity on rules

Only one in four companies are prepared for Britain's full departure from the European Union in five months time, company directors have warned.

Manufacturing firms in particular are unlikely to be ready for the end of the transition period with a lack of clarity on rule changes a bigger impediment to Brexit preparation than the need to focus on the coronavirus pandemic, according to research from the Institute of Directors.