The Institute of Directors says that one in three of its members is thinking about, planning for, business relocation in the event of Brexit. This is being reported as one in three businesses is planning for relocation in the event of Brexit. The two are not the same statement although that’s how our entirely unbiased media is reporting it:
One in three UK firms plan for no-deal Brexit relocation, IoD says
No, it doesn’t. It says that one third of IoD members are.
Nearly one in three British businesses are planning to relocate some of their operations abroad or have already shifted them to cope with a hard Brexit, according to a leading lobby group. The Institute of Directors (IoD) warned that 29% of firms in a survey of 1,200 members believed Brexit posed a significant risk to their operations in the UK and had either moved part of their businesses abroad already or were planning to do so.
There are 5.5 to 6 million businesses in the UK. The IoD has 30,000 members. The finding is that one in three of IoD members are planning for relocation of some part of their activities. That is, 0.166% of businesses are planning relocation – that’s what has actually been found.
Do note that the IoD is not representative in any manner, statistical or otherwise, of British business.
Or, you know, close enough, one in six hundred businesses is planning a post-Brexit relocation. Yes, of course, mere pendantry, two orders of magnitude and a doubling, what’s that between friends? Thank goodness the British media is entirely free of fake news, eh?