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brexit explained #73/100

Can businesses that have prepared for a no-deal Brexit get their money back if it doesn’t happen?

Analysis: Some small businesses have been reluctant to expend significant sums on getting ready for Brexit, as Ben Chapman explains

Thursday 28 February 2019 18:53 GMT
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Many companies have stockpiled goods or leased additional office space in preparation for Brexit
Many companies have stockpiled goods or leased additional office space in preparation for Brexit (AP)

Companies large and small are currently in the unenviable position of having to spend money to prepare for a no-deal Brexit that might never happen.

As 29 March approaches, more goods are stockpiled, warehouse units filled, empty offices rented and contingency plans made.

As Mike Hawes, boss of the Society of Motor Manufacturers and Traders, put it this week: “Every day a no-deal Brexit remains a possibility is another day ... companies pay the price in additional and potentially pointless costs.”

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