The most recent Boardroom Bellwether survey, conducted twice a year by ICSA, the governance body, in conjunction with the Financial Times, found that nearly three-quarters — 73 per cent — of FTSE 350 company secretaries predicted their company would be damaged as a result of Brexit, a sharp rise on the proportion last summer, when just 42 per cent thought this would be the case.
Meanwhile, sentiment around the prospects for the world economy have also deteriorated significantly, with just over one in 10 believing that global economic conditions are likely to improve over the next 12 months, down from a quarter in August.
Half the company secretaries predicted a decline in economic conditions in their own sector, and only 2 per cent believed the UK economy would improve over the next year.
The research, which was conducted at the end of 2018, before the prime minister lost the House of Commons vote on her Brexit deal last week, shows a marked worsening of the mood of UK plc. [...]
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