Three-quarters of business leaders believe Brexit is hurting Britain’s economy, a poll has found.
The firm majority view emerged from responses to a question posed by The Herald to business leaders across the UK attending a virtual global conference hosted by the Institute of Directors in Scotland ahead of the Conference of Nations United Nations on Climate Change COP26 in Glasgow in November.
To the question “Is Brexit harming the British economy?” », 75% of the people questioned answered« yes ». Meanwhile, 18% said “no” and 7% said they did not know. IoD Scotland noted that the sample size was 56.
READ MORE: Brexit shortage: Ian McConnell: Will anything make Boris Johnson see and tackle some sad mess?
Louise Macdonald, National Director of IoD Scotland, underscored business leaders’ view that Brexit has a ‘significant’ economic impact, citing the effect on supply chains of skills shortages, rising costs and empty shelves. And she called for government action to prevent further damage to businesses.
The Boris Johnson administration pulled the UK out of the European Single Market on December 31 of last year. The UK officially left the European Union on January 31 of last year, but a transition period in which the country remained in the single market ran until the end of 2020.
READ MORE: Ian McConnell: Brexit could have taken many forms. Cheshire cat Boris Johnson chose this one
Ms Macdonald said: ‘While the pandemic may have distracted many from the impact of Brexit, comments from business leaders attending our global conference are clear: Brexit has a significant impact on the economy . In the last week alone, we have seen skills shortages affecting the supply chains of many multinational companies and we are all too aware of rising costs and empty shelves in supermarkets. It is essential that the government heed these comments and act now to ensure that the business community is not further affected. ”
When asked if they thought there would be another referendum on independence during the term of the current Scottish Parliament, another question asked by The Herald, 46% of UK business leaders responded “yes”, 38% answered “no” and 16% said they did not. know. The sample size was again 56.
Ms Macdonald said: “Responses show that just under half of the delegates believe there will be another referendum in this term, while a few more are unconvinced or uncertain. Whatever the SNP government’s decision, some leaders believe change is on the political agenda. Our conversations with members have shown us that after 18 months of uncertainty, they crave stable ground on which to rebuild and grow.