Accountancy and advisory firm BDO’s bi-monthly tracker of 500 mid-sized UK businesses with revenues between £10 million and £500 million has revealed that 26 per cent felt the impact of Brexit had been worse than they expected at the time of the 2016 referendum.
BDO’s survey of 500 mid-sized UK businesses found that 26 per cent felt the impact of Brexit had been worse than they expected in 2016.
Overall, 46 per cent of respondents described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than expected.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for such firms.
Thirty-eight per cent said the outcome has been better than anticipated and 36 per cent believed it has broadly matched expectations.
BDO’s survey of 500 mid-sized UK businesses found that 26 per cent felt the impact of Brexit had been worse than they expected in 2016.
Overall, 46 per cent of respondents described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than expected.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for such firms.
Overall, 46 per cent of those surveyed described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than they expected, demonstrating the varied experiences of the UK mid-market over the last decade.
BDO’s survey of 500 mid-sized UK businesses found that 26 per cent felt the impact of Brexit had been worse than they expected in 2016.
Overall, 46 per cent of respondents described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than expected.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for such firms.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for mid-sized firms.
BDO’s survey of 500 mid-sized UK businesses found that 26 per cent felt the impact of Brexit had been worse than they expected in 2016.
Overall, 46 per cent of respondents described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than expected.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for such firms.
Among those businesses reporting a negative impact from Brexit, 42 per cent said compliance and regulation—particularly linked to imports and exports—is the area of their business most affected.
BDO’s survey of 500 mid-sized UK businesses found that 26 per cent felt the impact of Brexit had been worse than they expected in 2016.
Overall, 46 per cent of respondents described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than expected.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for such firms.
The impact is being felt differently across sectors, with the construction (41 per cent) and manufacturing (27 per cent) sectors experiencing these pressures most acutely.
BDO’s survey of 500 mid-sized UK businesses found that 26 per cent felt the impact of Brexit had been worse than they expected in 2016.
Overall, 46 per cent of respondents described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than expected.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for such firms.
Firms describe grappling with overly complex and ‘constantly changing’ rules, creating administrative burdens that are slowing operations, driving up costs and diverting resources away from growth, a BDO release said.
BDO’s survey of 500 mid-sized UK businesses found that 26 per cent felt the impact of Brexit had been worse than they expected in 2016.
Overall, 46 per cent of respondents described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than expected.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for such firms.
At the same time, Brexit has intensified skills shortages. Thirty per cent of businesses said they are struggling to recruit professionals with expertise in international trade, including EU regulation and cross-border compliance—skills that have become critical for many businesses in the post-Brexit landscape.
BDO’s survey of 500 mid-sized UK businesses found that 26 per cent felt the impact of Brexit had been worse than they expected in 2016.
Overall, 46 per cent of respondents described Brexit’s effect on their organisation as negative, while 54 per cent said it had been better than expected.
A combination of red tape and regulatory complexity has emerged as the most significant challenge for such firms.
Employers also reported it is harder to recruit and retain EU workers, with visa requirements, higher costs and additional bureaucracy creating new barriers in an already tight labour market.
Fibre2Fashion News Desk (DS)
