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Corporate frivolity of Brexit amazes the minister of economic affairs

If less than seven weeks, the Uk to leave the EU without an agreement to regulate the arrangements for the exit. This so-called hard Brexit will have conseque

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Corporate frivolity of Brexit amazes the minister of economic affairs

If less than seven weeks, the Uk to leave the EU without an agreement to regulate the arrangements for the exit.

This so-called hard Brexit will have consequences over the whole of the EU, including Sweden. Nevertheless, the survey made by Swedbank's purchasing managers ' index that 37% of large companies say that they do not need to do any preparation. A further 11% indicating that the preparation needs to be done – but it has not been made yet.

Ibrahim Baylan.

– this just a single measurement, but I am surprised still that so many either say they are not affected by a hard Brexit, or that they have not prepared themselves, " he says.

– Although we hope and believe it will be an orderly Brexit, so you have to realize now, when it is less than 50 days left, that there is a risk that it will not be so, " adds the minister of economic affairs.

that the british government agreed with the EU commisison on in the fall, was voted down by a large majority in the british parliament last month. There are various attempts to find a solution, but if this is not done, the Uk will leave the EU on 29 march.

Read more: Commissioner criticises the Swedish company

Ibrahim Baylan recalls that the ministry of industry, as well as other government departments have informed the industry many times about the risks of Brexit. Even the board of trade and the Customs service have had animating.

And yet it seems as if business leaders don't really want to see the risk of a hard Brexit that may, for example, delaying important deliveries.

"I meet the confederation of Swedish Enterprise later in the week and then I will take this up with them to hear if it is consistent with their view," says Baylan.

means that the transitional period would otherwise commence from the 29 march to the end of 2020. The transition period has two purposes: firstly, to give time to the EU and Uk to negotiate an agreement concerning the continuing relationship between the parties, and to allow the companies and people time to adapt.

Without a transition period, the risk is imminent for the chaos in the ports both in the Uk and on the continent, that the transport delays of key inputs becomes more expensive, or does not arrive at all.

Näringsmininstern still think that this can be prevented, and that the negotiations between the Uk and the EU should be able to provide a solution to the

– Yes, I still believe that there is wisdom of the people concerned, and that we get an orderly exit, " he says.

"But it would be foolish to deny that there is a risk that it will not be so," he adds.

Read more: Several large Swedish companies unprepared for Brexit.

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