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A year-end study conducted by AIG found that 40 percent of those questioned were planning for growth this coming year while only 19 percent were expecting a downturn.
Regardless, this is still good news for American businesses looking to do business in the U.K. But tread carefully: the risks for British companies surrounding Brexit – such as higher material costs, potential labor shortages and exchange rate volatility, remains high. Unfortunately, only a third of those firms surveyed had contingency plans in case there’s a “no deal” outcome.Read more on why British businesses are bullish about 2018.
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