U.K. Business Says Brexit Already Having a Negative Effect
- 58% of FTSE 500 bosses say Brexit a negative: Ipsos Mori
- BCC survey shows weaker pound is pushing up firms’ costs
Brexit Uncertainty Adds to Global Supply Chain Concerns
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Brexit has already damaged businesses even before Prime Minister Theresa May triggers the start of Britain’s withdrawal from the European Union, according to a survey of the country’s largest companies.
More than half -- 58 percent -- of the top executives at Britain’s biggest firms that responded to the Ipsos MORI “Captains of Industry” poll said the vote to quit the bloc has had a negative impact on their businesses. Two-thirds of the chief executives, chairmen and directors interviewed for the survey said they believed the business situation would worsen in the next 12 months.