The UK is at a "crucial moment" and needs to act sensibly to protect the UK economy.
BDO has warned businesses not to get “caught up in the hysteria” of the EU referendum result, as its monthly Business Trends survey reported that business optimism and output fell to three-year lows in June for the second month running. “The uncertainty prompted by Brexit has disrupted investment in the UK economy, but the signs of a slowdown were already showing ahead of the decision,” says BDO partner Peter Hemington. “In all likelihood, whatever arrangements the UK eventually arrives at with the EU won’t look very different from what we have at the moment. So businesses cannot afford to get caught up in the hysteria. They need to hold their nerve and continue to invest in the UK.”