Anxieties continue to rise over the proposed exist of the United Kingdom from European Union. The latest is a report from a survey of bosses of UK’s biggest companies.
The report reveals that the Brexit vote is having an adverse effect on the country’s businesses.
The survey which was conducted by Market researcher Ipsos Mori indicated that 58% of respondents claim their companies have been struggling following the June 2016 Brexit vote, about a third believe the referendum made no difference, and only 11% expressed approval for the agenda.
Over 100 chief executives and chairmen of FTSE 500 companies responded to the survey.
Speaking to a journalist, Ipsos Mori’s chief executive, Ben Page said "Unfortunately, it looks like business in this country is already feeling the pain of the economic upheaval of leaving the EU".
He added that, "According to respondents there is no sign that this is likely to ease this year, with two thirds saying they thought their business situation would get worse in the next 12 months".
Furthermore, two-thirds of the companies’ bosses captured in the study are of the view that their businesses would perform even worse after UK finally leaves the European Union.
Over 50% believe the most critical thing to be secured by the UK in the Brexit negotiations was the movement or access of skilled labour.
In conclusion, 86% of the bosses said to guarantee thriving businesses in a post-Brexit UK economy, the key catalysts were reducing the rate and complexity of regulation as well as facilitating easy recruitment of staff from the European Union.
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