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IoD publishes snap poll of business leaders on Brexit deal

19 Oct 2019

parliament

In a preliminary indication of the views of business leaders on the agreement negotiated between the UK and the EU, a survey of members of the Institute of Directors found that:

  • A small majority (55%) think MPs should approve the deal, against 41% who think the Commons should vote against it.
  • No deal on 31st October was rejected by 9 in 10 IoD members.
  • There is no consensus among business leaders on what should happen in the event of an extension beyond 31st October, although a General Election is now seen as the least negative.

Jonathan Geldart, Director General of the Institute of Directors, said:

"The Brexit process has been frustrating and wearying for our members. The paralysis of the current situation prevents directors from moving forward with plans for investment and growth. By no means is there unanimity among business leaders on the path ahead, but avoiding a disorderly exit at the end of the month comes out clearly as a pressing priority.

"We have also been listening carefully to the voices of businesses across the UK. There remain legitimate concerns around the changes agreed for Northern Ireland, which are no longer in the form of a backstop but now act as the starting point for its future relationship with the EU. We are pleased a hard border has been avoided. However, there are many more unanswered questions about how this will work. We urge the Government to come forward with clear, concrete commitments around ensuring this does not lead to an erosion of the UK’s internal market over time.”


Full survey results:

655 respondents, survey conducted between 17-19 October 2019

From what you understand of the deal, and thinking with the interests of your organisation in mind, do you think that MPs should pass this Brexit deal?

Yes

55%

No

41%

Don't know

4%


Which of the following outcomes do you think would be the most positive for your organisation?

The deal agreed between the EU and UK is approved by MPs

53%

The deal is rejected by MPs and there is a further extension beyond 31 October 2019

39%

The UK leaves the EU on 31 October 2019 without a deal ('no-deal')

8%


If there is an extension beyond 31 October 2019, how positive or negative would the following potential events be for your organisation?


Very positive

Slightly positive

Neither positive nor negative

Slightly negative

Very negative

Don't know

A general election

24%

17%

28%

15%

12%

4%

A referendum

30%

12%

12%

9%

34%

2%

Leaving the EU without a deal

11%

8%

10%

13%

56%

1%

This revised Brexit deal (or similar)

19%

23%

12%

20%

23%

3%

IOD_Brexit

Contact Press Office

Euan Holmes, Press Officer

020 7451 3280


Press office