“A managed Brexit is a better prospect for the UK than a no-deal. With progress having seemingly been made in negotiations between the UK and EU, this lays the foundations for greater certainty.
“However, until or unless the deal is ratified by Parliament, uncertainty will continue to cloud the risk of doing business in or with the UK.
“Additionally, the economic costs and administrative burdens that will be faced by businesses trading across borders following the UK’s departure from the EU will be significantly higher than at present.”
“Last month Dun & Bradstreet downgraded the United Kingdom’s Country Risk Rating from ‘low risk’ to ‘medium risk’ for the first time due to the increased likelihood of a ‘no-deal’ Brexit and factors such as contracting GDP and low economic sentiment indicators.
“Any future revision of the United Kingdom’s Risk Rating risk rating will depend on a deal being agreed by Parliament, as well as analysis of wider economic and industry indicators including credit, supply, market, and political environment outlooks.”
Markus Kuger, Chief Economist at Dun & Bradstreet