Majority of business leaders against Brexit, study finds

Written by Julie Levy-Abegnoli on 18 February 2016 in News
News

Four out of five business leaders in UK and Germany believe Brexit would have negative impact.

A new survey, by the Bertelsmann Stiftung, has revealed that the majority of UK and German business leaders are against Brexit. They believe that if Britain were to leave the EU, it would have disastrous effects for employment, revenues and investments.

The study found that 79 per cent of entrepreneurs, managing directors and executive employees want the UK to remain a member of the EU. In Germany, 83 per cent of business leaders are against Britain leaving, as are 76 per cent in the UK.

The sectors most supportive of EU membership are manufacturing, ICT and tech companies, as well as the retail and consumer goods industries.


RELATED CONTENT


Around 42 per cent of respondents fear Brexit will have negative effects for the job market, while 38 per cent worry it would negatively affect sales. In addition, 33 per cent are concerned over changes to investment, with 34 per cent worrying about employment issues.

Almost a third of business leaders surveyed say they would reduce capacity in the UK or relocate elsewhere, particularly in the IT sector (41 per cent) and financial institutions (33 per cent).

The survey comes as UK Prime Minister David Cameron prepares to battle it out with the leaders of the other 27 EU member states, hoping to secure a deal on Britain's EU membership ahead of a June referendum.

 

About the author

Julie Levy-Abegnoli is a journalist for the Parliament Magazine

Interested in this content?

Sign up to our free daily email bulletins.

 

Share this page

Tags

Categories

Related Partner Content

Thought Leader | Brewers of Europe: EU alcohol strategy
25 November 2014

The EU's alcohol strategy sets the 'right priorities' and needs only reinvigorating, not reinventing, urges Pierre-Olivier Bergeron.

No compromise on air quality
13 June 2016

EU and national policymakers need to place more emphasis on the use of alternative fuels, argues Cécile Nourigat.

Arianespace: A prime example of a European success story
7 March 2016

Providing Europe with reliable and independent access to space remains Arianespace's primary objective, says Stéphane Israël.