Britain ‘Open For Business Despite BREXIT Concerns’
A news bite from Norton Folgate.
New research by the Business Growth Fund (BGF) has revealed that business leaders in the Midlands still think Britain is a good place to establish an enterprise, despite concerns regarding Brexit.
Three quarters of respondents to BGF’s latest Growth Climate Index said Britain is a “great place” to start and grow a business, while 41% admitted postponing “key” business decisions in the run up to the EU referendum.
Some 92% expect a short-term dip in economic growth as a result of the vote to leave the EU, while more than half (53%) expect growth to fall in the longer-term.
Gavin Petken, regional director of BGF for the Midlands, said: “Unsurprisingly, the poll highlights the concerns businesses have in regards to future economic uncertainty.
But there is also a strong and clear
message among respondents that the fundamentals that make the UK so attractive to growing businesses have not disappeared.”
Elsewhere, GAA‘s Robert Outram speaks to CAs and other experts in the wake of the Brexit vote to find out what the UK’s future outside of the EU means for business.
Brexit might affect the way the UK adopts international financial reporting standards, according to ICAS, with the possibility that new standards could be adopted directly by the Financial Reporting Council rather than via the EU – with
potential European opt-outs – as at present.
