More German than UK corporate treasurers think Britain should opt for ‘Brexit’ in the European Union (EU) referendum this Thursday, according to research from EuroFinance.
A survey of more than 600 global businesses by the conference organiser and research firm, an Economist Group business , finds that nearly 30% of German corporate treasurers believe Britain is better off outside the EU, compared to just 15 per cent of UK treasurers.
Perhaps less surprisingly, 26% of Swiss corporates think Britain should cut its political ties with Brussels. Despite Brexit backing from firms across certain nations, the majority of respondents (82%) are going with the status quo and backing the UK to remain.
“It is surprising to see such a healthy number of treasurers in Germany, a country hardly renowned for Euroscepticism, backing Brexit,” commented Leslie Holstrom, editor of EuroFinance.
“Despite this, our findings clearly show that the risks of leaving are simply too high for the majority of treasurers, many of whom are already seeing the unsettling effect of the referendum on their business.”
By 2030 artificial intelligence will add more than US$15 trillion to the world economy according to the group’s research, but most of that gain will go to North America, Europe and Asia.
Companies are warned that they must improve their resilience, as incidents such as this week’s ‘Petya’-style attack become increasingly common.
A report by the Lloyd’s of London insurance market finds that the sector is second only to financial services as the target of attacks.
The Bank of England calls for UK banks to put aside an extra £11.4bn to deal with any future economic slowdown in its latest financial stability report