CBI Says `Vast Majority' of Firms Aren't Ready for No-Deal Brexit

The transcript discusses the challenges and concerns businesses face regarding Brexit, particularly a no deal scenario. It highlights the uncertainty and complexity of supply chains, the potential legal and trade barriers, and the lack of a guaranteed mechanism in Parliament to prevent an accidental no deal Brexit. The discussion also covers the implications of WTO rules, the movement of capital and staff by banks, and the focus on global trade. Despite efforts to secure new trade deals, the impact of a bad EU deal remains a significant concern.

In what ways are businesses adapting to the uncertainty caused by Brexit?

What is the significance of the trade deals with the European Union for British businesses?