LONDON, 22 April 2016
In March 2016, BritishAmerican Business (BAB) asked its member companies in London and New York to complete a survey on attitudes to the United Kingdom’s EU Referendum.
- 95% of BAB members are in favour of the UK remaining in the EU
- 96% of BAB members have not changed the position in the last 18 months since BAB surveyed its members for the first time
- 88% of BAB members say that access to the EU/Single Market makes the UK a more attractive investment destination for their companies
- 89% of BAB members would not relocate their business if the UK were to leave the EU but 1 in 10 would
- Over 70% of BAB members say that a UK outside of the EU would have a negative or strongly negative impact on future investments or business prospects in the UK
- Companies who responded to the survey collectively employ 327,000 people across the UK
- 46% of responses came from American headquartered companies and 42% from UK headquartered companies.
Jeffries Briginshaw, CEO of BritishAmerican Business said: “The results of our membership survey underline the direct impact a UK outside of the EU would have for our transatlantic members investment and operations in the UK. We are aware of a steady stream of cases where jobs have already been lost or are in danger of being lost. The climate of uncertainty is leading to decisions not to add to existing investments. As we move forward into potentially more risky and uncharted territory this is likely to become even more prevalent.”
About BritishAmerican Business
BritishAmerican Business (BAB) is the leading transatlantic business organization, dedicated to helping companies build their businesses on both sides of the Atlantic. Its membership brings together the world’s leading multinational and middle market companies across sectors and geographies; and more than 100 of the world’s most successful CEOs support its work through their participation in its Advisory Board. It incorporates the American Chamber of Commerce (UK) and the British-American Chamber of Commerce (USA), which merged in 2000 to create a single, pre-eminent transatlantic organization that support its members across the Atlantic.
On Thursday 5th May in London we will be hosting EU Panel event: ‘The Day After Tomorrow: What the EU Referendum means for transatlantic business’
For more information:
Contact: Rachel Reaney, Communications Manager
Tel: +44 (0)207 290 9888
Contact: Emanuel Adam, Head of Policy & Trade
Tel: +44 (0)207 290 9885