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Survey shows most firms expect 'no deal' would have ‘positive effect’ on revenues

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More than half of middle market firms in East Anglia and the Midlands think that leaving the EU without a deal would have a positive effect on their revenues, says a quarterly Brexit monitor survey from RSM compiled by YouGov. Fifty-two per cent of the region's mid-market business leaders surveyed said they thought exiting the EU without a deal would benefit future turnover. Of this, 7 per cent felt ‘no deal’ would be ‘advantageous’ and 45 per cent said it would be ‘favourable’.

But 19 per cent thought it would hit revenues and 21 per cent thought it would have no effect. Nationally, just over a third expected a turnover boost in the event of a 'no deal'. Mark Taylor, RSM's regional managing partner for the central region said: “'We know that businesses across the region are getting increasingly concerned about the Government's ability to deliver a good deal. However, in the event of a 'no deal' outcome, they are fairly bullish about their revenue prospects. One of the reasons for this surprisingly upbeat sentiment could come down to their view that come what may, they remain sufficiently agile to react in a way that adapts to the new environment.”

Last Updated ( Tuesday, 16 October 2018 08:12 )