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Ipsos Mori, in its annual “captains of industry” research into the views of chairmen, chief executives and other senior managers of the UK’s largest listed and private companies, found that 74 per cent of the 100 people interviewed were pessimistic about the year ahead. This is up from 66 per cent last year. Just 8 per cent expect improvements this year.
An increasing number of business leaders also said they thought the prospect of Brexit was worse today than they predicted 12 months ago, with 67 per cent saying their company was worse off, compared with 56 per cent a year ago. A majority of “captains”, 68 per cent, also said they had doubts about the government’s ability to negotiate a good deal for UK businesses with the EU.
“Britain’s largest businesses feel Brexit is having a more profound impact on British business than our business leaders thought it would a year ago — 67 per cent of “captains” think that their company is worse off,” said Ben Page, chief executive of Ipsos Mori.
“As with the public, business is losing confidence in the government’s ability to manage Brexit, but have no confidence in Labour doing any better,” he added. [...]
Full article on Financial Times (subscription required)