PracticeConsultingEuro support slides among UK FDs

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.’

Links

Euro means trade and wealth

Euro: UK economy is different

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer