Companies Brace for Brexit as May Scrambles
They’re nearing the edge. Britain’s government has until Friday to pen a potential Brexit deal, according to the EU’s chief negotiator, before time runs out to draft guidelines ahead of the bloc’s Dec. 14 deadline to move negotiations forward. Now big companies from supermarkets to financial services are reportedly stepping up restructuring efforts as uncertainty over Britain’s future mounts. Meanwhile, U.K. Prime Minister Theresa May is attempting to reach an agreement on the Irish border, despite intractable positions on all sides that already tanked one border deal this week.