Brexit and Trump Are the Top Worries for European Executives
- UBS survey shows Brexit could see firms cut U.K. capacity
- Poll of 1,200 companies was conducted July 14 to Aug.31
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Brexit and Donald Trump are the two biggest political risks, according to European companies surveyed by UBS.
Describing 2017 as an “exceptional accumulation of political event risk,” UBS asked corporates what they’re most worried about and what they might do in response. On Brexit, 43 percent of euro-area companies expect to cut U.K. capacity “strongly” as a result of the country leaving the EU. Worryingly, 15 percent said they’d pull out all their capacity, up from 10 percent in the first quarter.