Businesses consider relocating employees following Brexit

The EU referendum results saw the Leave campaign triumph; however some business leaders are now feeling the pinch.

With the pound taking a tumble, employers are losing confidence to invest in the UK following economic insecurity and uncertainty surrounding trade deals with Europe.

According to The Financial Times, a survey by the Institute of Directors on 1000 business leaders found that two thirds said that Brexit will hit them negatively.

Over a third have plans to reduce investments and a fifth are considering moving some operations abroad.