Firms must start work on post-Brexit plans, says law firm

Jun 25, 2016

According to a poll at an EU Referendum event held by Shoosmiths ahead of Thursday’s vote, 74% of business leaders taking part in a snapshot survey said they were not planning for a vote to leave.

However, almost three-quarters of participants believe that the burden of regulation on businesses will decrease and 42% believe that the UK would become a more competitive business location outside the EU.

Shoosmiths partner Sanjeev Sharma, head of the Milton Keynes office, said: “Our research suggests that business leaders are adopting a wait and see attitude.”

This pragmatism could be understandable given that it will take a significant time for the UK to formally quit the EU and there is such a lack of clarity over the impact of a ‘leave’ vote, he added. 

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