Euro support slides among UK FDs
Support for membership of the euro among UK finance directors is slipping, according to an exclusive Accountancy Age poll.
This week’s Accountancy Age/Reed Accountancy Personnel Big Question reveals a clear drop in support for the currency, despite its recent stabilisation on the foreign exchanges. Just 44% of almost 300 FDs polled this week said they favoured adoption of the euro in the lifetime of the next parliament. Six months ago, 51% of FDs backed the currency.
However, those supporting the currency still outnumbered those against.
Some 40% of FDs said they were against membership this week with 16% neutral.
Among supporters of change, David Collins, FD of clothing retailer Gieves & Hawkes, said: ‘Recent mass redundancies in the UK motor industry indicate multinational manufacturers investing in the country will move away unless there is a commitment to joining the euro in the short term.’