Deloitte comments on the Brexit extension

Amanda Tickel, Global Brexit Lead at Deloitte, said: “Business reaction to a further extension is muted - on the plus side it removes an immediate unknown. But those that have extensively prepared, for two different dates already, are frustrated to now have a third date to work towards.

“Prolonged uncertainty is continuing to delay investment, with cash reserves running high at some of the biggest U.K. businesses. Regulated sectors such as financial services and pharmaceuticals have already had to move parts of their business or functions to other EU countries as a result of regulatory pressure to be prepared so they now face a further period of limbo.”

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