Saturday 20th October 2018
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Survey shows most firms expect 'no deal' would have ‘positive effect’ on revenues

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 )


Rebound in confidence gives boost to region’s SMEs

The health of SMEs in the East of England has shown one of the largest improvements in the country as fewer firms operate below capacity and confidence increases, accor...

Last Updated ( Wednesday, 19 September 2018 15:54 )

Businesses stay confident although growth set to slow in coming months

Private business activity continued to grow strongly in the East of England in July with confidence reaching a three-month high but new job creation slowed as new busin...

Cambridge firm to build new full-fibre network to boost broadband speeds

A Cambridge start-up says it is installing a new full-fibre network in Cambridge and Ely that will deliver broadband to local businesses and homes up to 40 times faster...

Businesses growing more resilient amid uncertainty

East of England firms grew less optimistic on the economic outlook in July although a rise in the balance of firms planning to hire more staff suggests businesses are b...

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