brexit optimism

Businesses Praying For ‘Soft Brexit’ As Faith In Government Weakens

Businesses Praying For ‘Soft Brexit’ As Faith In Government Weakens

UK small businesses are dreaming of a ‘soft Brexit’, as just 29% have confidence in the government’s ability to protect them after Article 50 is triggered – according to a report by CitySprint. The survey of 1,001 enterprise owners revealed that 79% feel they haven’t received enough information about the potential business impact of Britain officially leaving the EU, with 50% hoping the UK retains access to the single market in return for some concessions to the EU. Just 35% of respondents have said they support a ‘hard Brexit’ which would potentially mean the UK giving up access to the single market, while 15% said they were unsure which option they preferred. When asked what support measures they’d like the government to implement, 49% said slashed taxes, 36% said they’d like... »

Business Owners More Upbeat About Brexit

Business Owners More Upbeat About Brexit

UK small business owners are more upbeat about Brexit than they were before the referendum, according to a report by Opinium. The survey of 500 senior decision makers in the small enterprise landscape revealed that 52% of respondents believed that share prices would fall in the wake of June’s surprise result, but this figure has since decreased to just 39%, suggesting business owners are now less pessimistic about the future. In May, 28% of those surveyed believed a potential Brexit would result in an economic recession, but this figure has also fallen to just 18%. However, 45% are of the opinion there will be a slowdown in economic growth, even if this won’t lead to a full-on recession. Oct 2016 May 2016   Rise Fall Rise Fall Share prices 29% 39% 16% 52% Economic growth 31% 37%... »