Captains of Industry 2016 FT release

Transcription

1 Captains of Industry 2016 FT release 19/01/2016

2 Captains of Industry 2016 Topline data shown here are based on a total of 114 interviews conducted with Captains of Industry; Fieldwork was conducted between 12 th September and 9 th December 2016; Unless otherwise stated, each question is based on all Captains of Industry answering; Where data does not total 100%, this is due to rounding or multicoded responses 2

3 Brexit impact on business situation CEU2A do you think that the business situation of your company is / will be more positive or negative so far compared to what it would have been if the UK had voted to stay in the EU, or has it made no difference? Since the referendum In 12 months time In 5 years time 2% 13% 1% 4% 2% 9% 11% 11% 7% 2% 9% 31% 18% 23% 38% 45% 54% 22% A lot more positive A little more positive Makes no difference A little more negative A lot more negative No opinion 3

4 Over half of Captains strongly agree that how well the government handles Brexit negotiations is vital to their business C3 To what extent do you agree with the following statement? How well the government handles Brexit negotiations is vital to my business 7% 1% 8% 54% 31% Strongly agree Tend to agree Neither agree nor disagree Tend to disagree Strongly disagree No opinion 4

5 Nearly 1/3 of Captains are not currently pursuing any actions as a result of the UK leaving the EU CEU4 What action, if any, is your business currently taking as a result of the decision to leave the EU? Top mentions 30% 14% 10% 7% 7% 6% 6% 5% 5% Nothing Impact of different renegotiations Moving business outside UK Looking at currency changes / stability Providing reassurance to foreign staff Engage with government departments Being more cautious / Pausing growth Focussing on growth outside the UK Planning financial strategies 5

6 Majority of Captains agree that they are confident that their company can adapt to the consequences of leaving the EU CEU8 To what extent do you agree or disagree with the following statements about the UK s relationship with the EU? I am confident my company can adapt to the consequences of leaving the EU 48% The decision to leave the EU is a significant risk to my company 25% 30% The decision to leave the EU will reduce the level of regulation on UK businesses 2% 2% 25% 18% 27% I am confident in the ability of the government to negotiate the best deal possible for UK businesses with the EU 29% 47% 4% 20% 36% 16% 37% 10% 10% 13% Strongly agree Tend to agree Neither agree nor disagree Tend to disagree Strongly disagree No opinion 6 Responses less than 3% are not shown

7 Most important things to achieve during Brexit negotiations CEU3 During the negotiations to leave the EU, what are the most important things for your business for the UK to try to obtain? Top mentions 54% 47% 16% 13% 9% 9% 8% 8% Movement & access of skilled labour Securing free trade and single market Passporting rights Control & clarity on immigration Being a trading partner with Europe Tariff agreement Clarity Support for city / London 7

8 A fifth of Captains disagree that in the long term the government s policies will improve the state of the British economy C3 To what extent do you agree with the following statement? In the long term, this government's policies will improve the state of the British economy 2% 2% General election General election General election General election General election 9% % % 36% % % Strongly agree Neither agree nor disagree Strongly disagree Tend to agree Tend to disagree No opinion Year 8

9 Opinion on the Government s industrial strategy C3 To what extent do you agree with the following statement? Strongly agree Tend to agree Neither agree nor disagree Tend to disagree Strongly disagree No opinion The government s new industrial strategy will effectively encourage economic growth in this country 3% 33% 46% 13% 5% C100 And, what policies do you think the government s industrial strategy should include? Top mentions 19% 16% 13% 11% 10% 9% Encourage investment in infrastructure Support more training / skills development Support regional development Reduce regulation Support trade deals Selective investment in key industries Base: All British Captains of Industry who expressed an opinion on the government s new industrial strategy effectively encouraging growth (108) Interviewed Sept Dec

10 Technology and Digital are considered to be the main areas for business growth opportunities C101 From where do you believe the best growth opportunities will come for your business over the next 5 years? Top mentions 17% 14% 13% 9% 9% 8% 7% Technology & Digital Asia, China & India UK Consumer Confidence New Links in Europe International Expansion Housing Supply North America 10

11 Reducing the level/complexity of regulation and keep it easy to recruit EU staff are most important to be successful post Brexit CEU7 Using a scale from 1 to 5 where 1 means it is not at all important and 5 means it is extremely important, please say how important each of the following will be for your business in order to be successful in a post-brexit UK? Reducing the level and/or complexity of regulation 10% 35% 41% 12% 2% Keeping access to the EU single market for my businesses products/services 29% 18% 18% 21% 13% Reduced level of immigration 1% 7% 12% 38% 41% Keeping it easy to recruit EU staff 32% 28% 26% 12% 2% Making it easier to recruit non-eu staff Extremely important Very important Fairly important Not important Not at all important No opinion 11% 25% 29% 26% 7% 11 Responses less than 3% are not shown