EU referendum

Tech Businesses Call For Continued EU Membership

Tech Businesses Call For Continued EU Membership

London’s tech businesses have called for continued EU membership, with 87% believing a Brexit would make the UK less attractive to foreign investors –a report by Tech London Advocates has found. The survey, of 2,450 technology experts and business leaders in the capital,found that 71% believe Britain exiting the EU ( a Brexit) would make it harder to reach customers and suppliers in remaining EU countries. More than four out of five (81%) of the London tech businesses surveyed also said that employing people from EU countries would become more difficult.. The report also highlighted a lack of clarity with regards to information about a Brexit, with one in 10admitting that they were ‘not sure’ about the exact consequences leaving the EU would have on their businesses. Earlier this week, it ... »

Small Business Owners At Odds With Boris Johnson Over Brexit Stance

Small Business Owners At Odds With Boris Johnson Over Brexit Stance

Small business owners are at odds with Boris Johnson’s recent support for a British exit (Brexit) in the upcoming EU referendum, a report by Moore Stephens has found. A survey of nearly 500 small to medium sized enterprises, the research found that just 17% of business owners supported a Brexit exit with a majority of 60% wishing to remain in the EU. Mayor of London Johnson announced his pro-Brexit support last week after reports that he was unimpressed with David Cameron’s recent negotiations in Brussels. Last month it was revealed that small businesses feel they were too dependent on the EU market to warrant leaving. Mark Lamb, partner at Moore Stephens, said: “The pound is already under pressure following London mayor Boris Johnson and other political heavyweights coming out this week i... »

42% of Small Businesses Still Undecided About Brexit Vote

42% of Small Businesses Still Undecided About Brexit Vote

42% of small business owners are still undecided about how they’ll vote in the upcoming EU referendum on June 23, a report by the Federation of Small Business (FSB) has found. Surveying more than 4,000 small companies, nearly half of the respondents claimed they could still be persuaded to change their minds before the polling date. A large number of small business owners said they wanted more information of the economic impact a British exit (Brexit) would have on the UK. 38% cited the need for more detail on the administrative burden of complying with EU regulation, while 33 % argued for the need need more detail on the cost of EU membership. Mike Cherry, FSB policy firector, said: “Our wide ranging research sends a very clear message on what information small businesses want from both o... »

A Third of Small Firms are Worried that an EU referendum will Impact Business Recovery

Small and medium enterprises are anxious that an EU referendum will damage relationships with overseas customers and investors The latest Close Brother Business Barometer (CBBB) revealed disparity among small and mid-sized firms’ attitudes towards a potential European Union (EU) referendum; with 42% believing it won’t have any effect whilst 33% are anxious that it will and 24% remain undecided. Of the businesses that are concerned, 46% are worried that it will cause delays among inward investment and an additional 23% are anxious that it will negatively impact their European market connections. The CBBB is conducted by finance company Close Brothers Invoice Finance (CBIF) and is a quarterly survey of over 700 business owners to demonstrate small and medium enterprises’ attitudes and issues... »