Nearly half (48%) of UK finance professionals believe that the vote on Scottish independence has damaged confidence in the strength of the UK’s economy, according to a new survey by specialist accountancy and finance recruiter Marks Sattin*.
Just one in three (31%) believe that confidence in the economy remained untarnished whereas 21% remained uncertain of the impact.
Has the vote on Scottish independence damaged confidence in the UK economy?
Dave Way, Managing Director of Marks Sattin, commented:
“Despite the ‘No’ result, the heated debate over Scotland’s future has cast a shadow of doubt over the stability of the UK economy. Our research shows that finance professionals have seen the results of this uncertainty in the form of a real blow to confidence in the UK’s economy. Both sides of the debate will be eager to find a swift resolution to the unanswered questions that impact the outlook for everyone involved.
“The bedrock of any healthy market is stability and consistency so that businesses have the confidence they need to plan for the future. It is clear the old ‘status quo’ has been consigned to the history books; the challenge ahead calls for leadership skills and financial expertise to establish a new balance of power so the UK’s economic and business recovery can continue its upwards surge.”
Previous research** from the recruiter revealed that 68% of finance professioals practising across the UK believe that Scottish independence makes no economic or financial sense. Only 11% supported the financial and economic arguments whereas 22% remained on the fence.
