13 May 2016

Brexit - Shulmans’ survey highlights major issues as Bank of England warns of risk of recession

The question whether to remain or exit the EU is on everyone’s lips at the moment.

An article published by the Yorkshire Post reports on the findings of a survey conducted by Shulmans alongside a warning by Mark Carney, Governor of the Bank of England, that Britain could be forced into “technical recession” if it leaves the EU.

Ahead of the impending referendum that will be taking place in June, we conducted our own survey of 150 individual Yorkshire businesses to seek their views on the subject. It appears that a large proportion of the respondents are undecided as to some of the financial consequences of leaving the EU.

Andrew Bradley, Shulmans’ Head of Corporate, concludes that there seems to be a lack of genuine hard facts about the cost of remaining and pulling out, and that the ‘remain’ and ‘leave’ camps need to make it clear what are the financial benefits of voting for or against Brexit.

More detailed results of our survey can also be found on the Bdaily website.