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Institute of Directors offers its ideas on navigating Brexit

Paul Hodgson | March 15, 2017

‘Move your head office to Edinburgh and apply for Scottish citizenship for you and all your employees’ is not one of the recommendations for tackling Brexit made by the Institute of Directors’ latest policy report, Navigating Brexit, but with independence now looming, it may become one.

The IoD conducted two comprehensive surveys of its members in October and November across a range of issues and policy areas relating to the U.K.’s EU withdrawal help to inform the report. Among those findings were that almost two-thirds thought that Brexit would have a negative effect on their business and that almost half thought it would be a threat to their business. Very few are considering moving their businesses. The referenda also found that the most negative factors were:

  • U.K. economic conditions
  • Uncertain trading status with European Union
  • Global economic conditions
  • Skills shortages/employee skill gaps
  • Compliance with Government...
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