Whatever you do, don’t mention that…...German corporates are backing Brexit!

Jun 22nd 2016 |

Tuesday 21st June 2016 - More German than UK corporate treasurers think Britain should head for the Brexit on Thursday, according to new research by EuroFinance.

In a survey of more than 600 global businesses, nearly 30 per cent 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 per cent 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 per cent) are going with the status quo and baking the UK to remain.

Commenting on the survey, Leslie Holstrom, managing editor of EuroFinance, said: “It is beyond surprising to see such a healthy number of treasurers in Germany, a country hardly renowned for Euroscepticism, backing Brexit. 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.”

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