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Global firms to stay in the UK post-Brexit

A new survey has found firms are unlikely to leave the the UK as a result of Brexit.

 

Over 100 worldwide and high profile global names were questioned over their inclination to consider leaving the UK, as a direct result of Brexit. The corporations involved in the study included global banks, consulting firms, technology companies and organisations with multi-national presences.
 


Participating firms were posed two questions: 1) Is your organisation planning to move out of the UK as a result of Brexit? 2) If yes, what new location(s) are being considered?



Of the more than 100 companies surveyed by relocation services company, Saunders 1865, not a single positive responsive was received in reply to the question of whether their company planned to leave the UK following Brexit. In stark contrast to current media reporting and sombre concerns of Downing Street, indications are that the UK is, and will remain, an appealing location within which to base international business. 



Speaking at Goldman Sachs earlier this year, Prime Minister Theresa May commented that the UK, “is big enough and strong enough to be a success story, in or out of the EU."


Whilst not underestimating the perceived benefits an EU-backed UK has for international businesses, the results of the survey have indicated support for the PM's claim, highlighting that a significant number of businesses across a spectrum of niches are not planning to relocate from the UK as a direct result of Brexit. 


Saunders 1865’s CEO, Tony Coe said, “While anecdotal evidence from corporate clients suggested that the reports of a post-Brexit exodus by companies were overblown, we were frankly shocked that we didn’t receive a single response indicating that a move out of the UK was even being considered.”

 

Image courtesy of Pixabay

 

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