Brexit: UK Businesses Prepare to Cut Investment and Jobs

Companies plan to cut investment and freeze hiring thanks to Brexit uncertainly, according to the Institute of Directors

Karen Kwok 27 June, 2016 | 4:22PM
Facebook Twitter LinkedIn

A third of UK businesses are planning investment and hiring cuts in the wake of a Brexit vote, a new survey from a leading UK commerce organisation has found.

The poll from Institute of Directors surveyed more than 1,000 of its members following the Brexit result. The poll found that more than a third of businesses participated in the survey said they will cut investments following the news Britain will leave the European Union, nearly half of them will remain the same investment levels while just 9% of them will increase investment.

In terms of employment, a third of companies in the survey will continue hiring at the same pace, but a quarter will put a freeze on recruitment and 5% of them plan to make redundancies.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
easyJet PLC608.40 GBX-0.16Rating
Foxtons Group PLC48.00 GBX2.13

About Author

Karen Kwok

Karen Kwok  is a Reporter for