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Majority of CEOs may relocate after Brexit

brexit.lockelord.com
September 26, 2016

KPMG has reported that 76% of CEOs in the UK are considering relocation their company headquarters or some operations outside the UK due to Brexit. The survey of 100 chief executives from companies with revenues ranged between £100 million and £1 billion carried out by KPMG revealed that whilst 69% are confident about the UK economy’s growth prospects over the next year and 73% said their own companies would grow in the next year, over three quarters are nevertheless considering moving headquarters and operations abroad. “CEOs are reacting to the prevailing uncertainty with contingency planning,” KPMG U.K. Chairman Simon Collins said in his statement. “Over half believe the U.K.’s ability to do business will be disrupted once we Brexit and therefore, for many CEOs, it is important that they plan different scenarios to hedge against future disruption.”

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