The U.K.'svote to leave the European Union has left more thanthree-quarters of chief executive officers saying they wouldconsider moving their headquarters or operations outside Britain,according to a survey of 100 business leaders by the accountancyfirm KPMG.

Some 72 percent of the CEOs surveyed said they voted “Remain” inthe June 23 Brexit referendum, KPMG said on Monday in an emailedstatement. “While more than two-thirds said they're confidentBritain's economy and their own companies will continue to growover the next year, 76 percent are mulling some form ofrelocation.”

“CEOs are reacting to the prevailing uncertainty withcontingency planning,” KPMG U.K. Chairman Simon Collins said in thestatement. “Over half believe the U.K.'s ability to do businesswill be disrupted once we Brexit and therefore, for many CEOs, itis important that they plan different scenarios to hedge againstfuture disruption.”

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.