
Summary of the report’s main findings:
- The key conclusion of the research is that for a ‘vast majority’ of businesses a ‘No Deal’ outcome would be the worst possible outcome of the Brexit negotiations.
- ‘Blind Brexit’, where the UK leaves the EU without any definite permanent deal in place, is seen as the next least desirable result.
- Many smaller companies lack the resource for sufficient scenario plans.
- There are already signs of the negative impact which uncertainty about the final negotiation deal is having and this would increase with a ‘Blind Brexit’.
- Most businesses ultimately want a ‘closer relationship’ with the EU than the current plans proposed by the UK government.
- The majority of businesses prefer to remain in the EU with the next preferred option being one where the UK remains part of both the customs union and single market – dubbed the ‘Norway-plus model’.
- In preference to No Deal, firms would prefer a ‘Canada-plus model’ where there would not be any single market rules to follow.

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