Thirteen per cent of companies say Brexit-related skills shortages curtailing growth

Thirteen per cent of companies say Brexit-related skills shortages curtailing growth

The Quoted Companies Alliance (QCA) has found that 13% of 111 small & mid-sized quoted companies it surveyed report that their growth is being curtailed as a direct result of skills shortages relating to Brexit. The latest wave of the QCA/YouGov Small & Mid-Cap Sentiment Index also finds reveals that, while optimism about the UK economy remains muted, many companies remain bullish about their own prospects and capacity for being able to ride out—or even benefit from—disruption that may arise from Brexit.

QCA and YouGov surveyed 111 small & mid-sized quoted companies and 42 advisory firms over June & July 2018. Findings include:

• many companies are indifferent to Brexit risks because they are either wholly domestic-focused or deal mostly with non-EU international customers and suppliers

• job growth expectations are also high for small to mid-sized quoted companies—77% expect to increase

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