Citation’s Brexit survey: the results

There are few things more confusing than the current state of Brexit. We wanted to get a better idea of how you feel about the prospect of Brexit and the ways it might impact your business.

And despite the confusion, we asked and you answered! We had over 600 responses to our Brexit survey with some interesting results. Here’s our round-up of some of our findings.

Preparing for no-deal

Almost 70% of everyone who answered the survey in February don’t feel prepared for the fallout of a no-deal Brexit.

67.3% of respondents said they don’t feel their businesses are prepared for the potential unknowns a no-deal Brexit could bring.

Split on referendum

Despite growing calls for a second referendum in the media and the House of Commons, there was no decisive opinion on the desire for a second referendum.

In answer to the question “Would you support a second referendum?” 49.4% said they would support another referendum on the UK’s membership of the EU, while 50.6% replied no.

This split echoes the original referendum results quite closely, suggesting that we’re still quite far off from widespread agreement on the topic.

Divided opinions

On the surface, there’s a near 50/50 split regarding the question of how much Brexit is worrying business owners. When ranking their concern on a scale of 0 (extremely worried) to 10 (not worried at all), the average response came in at 5.4, suggesting that worry was, on average, moderate and in no way bordering on extreme.

However, further analysis of your responses uncovered that in cases where more than one person from the same business responded to the survey, there was a much bigger divide in levels of worry.

25 of 27 companies have employees with differing levels of worry about Brexit; which works out at a massive 92.6%. This disagreement within businesses seems to underpin the idea that many don’t feel adequately prepared for the eventuality of a no-deal Brexit.

More votes ahead

As we’ve seen, Theresa May continues to negotiate the terms of the UK’s exit from the European Union.

Amid mass disagreement within parliament, May is attempting to extend the terms of Article 50, effectively extending the deadline for Brexit beyond leaving day.

The only sure thing at the moment is that no-one, least of all British business owners, has any real clarity on what Brexit is going to look like if and when it actually happens.

Helping you to prepare your business

If you’ve got questions about what Brexit means for your business, our expert HR, Employment Law and Health & Safety team are on-hand 24/7 with our advice line, to help you cut through the confusion and get you prepared ahead of unknown outcomes.

If you’d like the advice of one of our industry-leading experts on managing uncertainty in the face of Brexit, complete the form on this page and we’ll be in touch.

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