British Firms Unaffected by Brexit

Research carried out by R3 has suggested that three out of every four British firms are yet to feel any impact, positive or negative, from this year’s Brexit vote.

The R3 has shown that 16 percent of all businesses, equivalent to 283,000, said the vote has already had a negative financial impact on them.

This compared to just five percent of businesses (85,000) who said the outcome of the referendum has had a positive financial impact.

Andrew Tate, president of R3, said: “The immediate shock of the referendum result was much briefer than expected, and many businesses – and importantly, consumers – have adopted a business as usual approach since then.”