30% of companies would leave UK after Brexit
The survey of 700 British and Germans firms found that 29% said they would reduce capacity or relocate completely in the event of a Brexit.
IT and technology companies will be the most likely to pack their bags and jump on a plane if the UK votes for independence from the EU, with 41% indicating they would do so. But around a quarter (26%) of those in the manufacturing sector said they would consider reducing capacity.
Tellingly, just 13% of all respondents said they believe a Brexit would increase employment in the UK. And only 21% said that the UK should leave the Union.
The survey highlighted some already well-known concerns about the UK’s membership in the EU, including regulation (34%), and the euro (22%). However, it appears these are stronger concerns for British companies (37%) than German ones (32%).
Separately, HSBC said it could move 1,000 jobs from London to Paris if the UK decided to leave the Union. ■