• 3 in 5 business leaders prioritise trade for Brexit negotiations

        • According to a recent survey, the top priority (58%) for UK business leaders, as part of the Brexit negotiations, is to have the right trade arrangements with the EU to ensure a stable trading environment. This is three times more important than having access to EU workers, with only 18 per cent raising this as a priority. Meanwhile, only 7 per cent prioritised the stability of sterling.

          MarketInvoice, the business finance company, has conducted a wide ranging survey of UK businesses, seeking their views on Brexit, the role of Government and finance. The current uncertain economic environment is what’s keeping more than half (53%) of UK business leaders awake at night. They are less worried about the stability of the Government (15%), foreign worker rights (8%) or a weak sterling (1%).

          More business leaders (85%) now believe that the Government is tuned into the voice of business since March 2017, when Article 50 was triggered. However, they are not confident or convinced that the negotiating team will defend the interests of business. A quarter (27%) feel they’ve lost their way and will be in for a shock and a further quarter (27%) feel they lack preparedness for the negotiations. Only 5 per cent feel that David Davis is doing a great job.

          Anil Stocker, CEO and Co-founder of MarketInvoice said, “business leaders are clearly focused on ensuring they are prepared to do business before worrying about people issues. Anecdotal feedback from this survey is that businesses in the UK are getting on with it but are clearly unsettled which doesn’t make for a healthy business environment. The good news is that businesses, finally, feel that their voices are being heard by Government but are not inspired with confidence with the negotiating efforts. Could the adoption of the business council at Downing Street make a difference?"

          The majority (54%) of businesses reported that their hiring plans have been largely unaffected this year and it is business as usual. Only 2 per cent are now proactively reducing their exposure to EU-nationals in the coming months while more (6%) are now reluctant to hire EU nationals. 

          More than a third (38%) of businesses feel they will face a cash squeeze going into the next 6 months. The majority would turn to invoice finance (35%) then bank overdrafts (30%) for additional funding whilst only 6 per cent would use a personal credit card.

          Anil added, “while hiring concerns are relatively stable for business, they need to be focused on managing their working capital needs in H2 2017. The research shows that a third (34%) will forfeit expansion plans, a further third (33%) will forgo launching new products and a fifth (20%) will reduce marketing spend. These are things that will impact the wider economy and could make for tough decisions for business leaders.”

        • Stay up to date - Click here and register for FREE Channel Info online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the Channel Info app

        • Related Articles

        • What 2019 will bring for network service providers

          What 2019 will bring for network service providers

          Tuesday 4th Dec 2018
          Most people don’t give a second thought to how networks are kept in operation and evolve them to meet new demands, and according to experts, that’s exactly how it should be. But for those at the coalface, the coming year is looking very e...Read More...
          Digital transformation in 2019 to bring cloud adoption and AI to print industry

          Digital transformation in 2019 to bring cloud adoption and AI to print industry

          Monday 3rd Dec 2018
          2018 has been the year of digital transformation, with organisations of all sizes either implementing or planning projects in every area from customer service operations to workforce management. Every business process is being assessed and within thi...Read More...
          Organisations focusing on AI’s role of digital transformation in print industry

          Organisations focusing on AI’s role of digital transformation in print industry

          Monday 19th Nov 2018
          In Quocirca’s recent report, Global Print 2025, it was revealed that artificial intelligence (AI) is a core area that is leading to digital transformation in organisations across the globe. But whilst the discussion around AI in the workpl...Read More...
                • About Us

                  Channel Info is the leading source of business news and information for the office dealer and reseller market. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, supplements, website, digital editions, apps, newsletters and bespoke communications with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the team behind Channel Info has over 60 years experience collectively in the office products, furniture, equipment and technology markets Channel Info continues to develop and adapt in order to meet the changing information needs of its readers.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue