# What Brexit blues? New research reveals over half of businesses in the financial sector believe Brexit will have a long-term positive impact
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2020-01-14
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: UK Businesses Post-Brexit Growth Confidence Study
Meta Description: New study reveals businesses concerned with short term impact of Brexit, prioritising negotiation skills for success. Learn more here.
URL: https://financedigest.com/what-brexit-blues-new-research-reveals-over-half-of-businesses-in-the-financial-sector-believe-brexit-will-have-a-long-term-positive-impacthtml

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- _51% of businesses remain confident about business growth post-Brexit, but worry short term with 33% concerned with the initial impact_
- _Economic stability, a no deal Brexit and changes to laws and legislation rank amongst the biggest concerns amongst businesses in the financial sector post-Brexit_
- _Improving negotiation skills ranks as the biggest priority amongst businesses before the Brexit deadline_

A new state-of-the-nation study into how businesses in the [financial sector](https://www.financedigest.com/iot-for-the-financial-sector.html "IoT for the Financial Sector") are prepared for Brexit, has revealed a staggering 37% of businesses believe the process of exiting the EU is currently having a positive impact on their business, while 29% feel it hasn’t had any impact at all.

Commissioned by global sales, negotiation and communication experts, Huthwaite International, the report shows that post-Brexit business prospects remain positive, with 51% of [businesses believing their growth](https://www.financedigest.com/2016-the-year-of-technology-financing-the-year-of-business-growth.html "2016 – THE YEAR OF TECHNOLOGY FINANCING, THE YEAR OF BUSINESS GROWTH") potential will prosper post-Brexit, regardless of the outcome.

When looking at what worries [businesses most about the UK leaving](https://www.financedigest.com/chinas-international-flight-suspensions-leave-travellers-stranded-hurt-businesses.html "China’s international flight suspensions leave travellers stranded, hurt businesses") the European Union, economic stability, a no deal Brexit and changes to laws and legislation ranked as the highest concerns.

Improving negotiation skills also ranked as the biggest priority amongst businesses before the Brexit deadline, with many sighting it to be a key priority when it came to [safeguarding profits](https://www.financedigest.com/adapting-payments-to-reassure-consumers-and-safeguard-profitability-during-times-of-uncertainty.html "Adapting payments to reassure consumers and safeguard profitability during times of uncertainty") and reducing overheads.

Tony Hughes, CEO at Huthwaite International said: “Gaining the skillset and knowledge to survive this [economic uncertainty](https://www.financedigest.com/why-a-liberated-cfo-and-fintech-solution-are-a-dream-partnership-for-navigating-economic-uncertainty.html "Why a liberated CFO and fintech solution are a dream partnership for navigating economic uncertainty") is vital for business success. The UK is packed with ambitious and prosperous companies that in theory should flourish regardless of economic uncertainty, however the importance of obtaining the core skillsets to flourish shouldn’t be underestimated.

“One of the few certainties the UK faces is that, for selling organisations, things are getting tougher. As buying organisations entrench, delaying or even cancelling purchasing decisions, sales teams across all sectors and markets are having to up their game. This means sophisticated [negotiation skills aren’t just important to ensure the UK secures a quality deal](https://www.financedigest.com/s-africa-negotiates-deal-with-eu-to-clear-citrus-blockage-at-ports.html "S.Africa negotiates deal with EU to clear citrus blockage at ports") with the EU, but also form the fundamentals for ensuring business success across the UK too.”

Huthwaite International has published a [white paper looking at five key elements businesses can implement to increase sales](https://www.financedigest.com/automotive-body-in-white-sales-at-3-4-cagr-over-the-forecast-period-from-2021-to-2031-reaching-us-59-7-billion-in-2021.html "Automotive Body in White sales at 3.4% CAGR over the forecast period from 2021 to 2031, reaching US$ 59.7 billion in 2021") success in times of economy uncertainty. These include:

- Confidence through coaching
- Aligning capabilities
- Utilising your service resources
- Negotiation skills
- Effective qualification

To access the full research white paper, please visit: [https://info.huthwaiteinternational.com/improving-corporate-negotiations](https://info.huthwaiteinternational.com/improving-corporate-negotiations).


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