33% of business owners have already implemented changes post-Brexit
New research indicates that the majority of UK entrepreneurs have a negative economic outlook of the UK in the longer term
Less than three weeks after the EU referendum result, a third of the country’s business owners have already made changes to their strategy on the back of uncertainties around Britain’s exit from the EU (Brexit).
According to a post-Brexit survey of 250 business owners conducted by The Clubhouse, 33% of entrepreneurs were found to have delayed making any major decisions about their business while 33% said they had already made changes to their business – this could mean losing staff, deciding not to raise funding, and/or pulling out of deals.
The vast majority (78%) of business people said they have negative feelings about the economic outlook of the UK over the next 12 months and 54% cited concerns about the negative impact of Brexit to the economy in the longer term.
The Clubhouse, a business club and meeting space based in London, has argued that this drop in confidence is “likely to have a number of implications for business of all shapes and sizes”.
Highlighting responses from its members, the company believes that recruitment activity will be the area most affected in the short-term. Just this week, Business Insider revealed that publishing start-up Lost My Name has laid off 10% of its workforce since the referendum – Lost My Name have said that this was not due to the Brexit result but rather a decision to take a “more lean start-up approach”.
Clubhouse founder and CEO, Adam Laskey, believes there is a positive angle to the findings:
“We all know that mixed signals and mixed messages resulted in a referendum result that few expected.
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“The vast majority – 66% -have not made any immediate changes nor have delayed making any major business decisions as a result of the referendum result. So with true entrepreneurial grit, resilience and tenacity, the conclusion is clear: Keep Calm and Carry On!”