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Quarter of UK Businesses Plan to Freeze Hiring After Brexit Vote

© AFP 2023 / Odd AndersenCommuters heading into the City of London walk in the rain across London Bridge, in front of the Shard skyscraper, in central London on June 27, 2016
Commuters heading into the City of London walk in the rain across London Bridge, in front of the Shard skyscraper, in central London on June 27, 2016 - Sputnik International
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Almost a third of UK businesspeople plan to keep hiring at the same pace, with 5 percent planning to cut jobs following Brexit, according to the poll.

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MOSCOW (Sputnik) — One-fourth of UK companies plan to impose a hiring freeze after the United Kingdom voted to leave the European Union, a poll revealed Monday.

According to the survey, conducted by the Institute of Directors (IoD), almost a third of UK businesspeople plan to keep hiring at the same pace, with 5 percent planning to cut jobs following the national referendum results, which were revealed Friday. Almost 65 percent of those surveyed said that the vote would have a negative impact on their businesses.

"Businesses will be busy working out how they are going to adapt and succeed after the referendum result. But we can’t sugar-coat this, many of our members are feeling anxious. A majority of business leaders think the vote for Brexit is bad for them, and as a result plans for investment and hiring are being put on hold or scaled back," Iod Director General Simon Walker said, as quoted on the organization’s website.

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Over a third of those surveyed also said that the outcome of the vote will cause them to cut investment in their businesses, against 9 percent of those who plan to increase investment, according to the poll.

On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.

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