Top UK bosses fear a hard Brexit deal

Business leaders of top FTSE 100 companies, including household names like Sainsbury’s, RBS and Dixons Carphone, have voiced concerns about how a hard or “no deal” Brexit might affect businesses.
Worryingly, only one per cent of business leaders said that a no-deal would have positive outcomes for their company.
Odgers Burndston, a global executive search firm, hosted a dinner in London addressed by former Chancellor George Osborne. Here, they conducted a poll where the attendees’ views were gathered.
This came just after hours after the launch of the first economic impact report of a hard Brexit by the Economists for Free Trade (EFT) group.
Supported by Brexiteers, this report foresees a boost to UK revenues of £80 billion over 15 years.
However, statistics show that almost 57 per cent of business Chairs and CEOs are not confident about the medium-term UK economic outlook, with almost three per cent describing themselves as “terrified”.
The firms were asked for their preferred outcome for the Brexit negotiations. Over half said they wanted to stop Brexit altogether (53 per cent), while 41 per cent preferred an interim or transition arrangement.
A shocking one per cent stated a hard Brexit would be positive for their business. Although 75 per cent said they were concerned or very concerned that the UK leaving without a deal would have a significant impact and impose “material disruption and cost” to their businesses.
”Brexit is, in my view, a historic mistake,” former Chancellor George Osborne said in a keynote speech to business leaders at the Odgers Berndtson dinner, “and the most likely outcome is the UK entering a semi-permanent transition where the only thing that changes is that we give up the control we currently have.”

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