Wealthy investors more optimistic over Brexit impact

Written by Oliver Wade
08/05/2019

Wealthy investors have recently displayed more optimism about the impact of Brexit on the UK economy, despite ongoing uncertainty, according to the latest UBS Wealth Management Investor Sentiment Survey.

The number of high-net-worth (HNW) individuals that believe Brexit will benefit the economy has overtaken the number of those with a negative outlook, at 41 per cent and 35 per cent respectively.

Furthermore, business owners have displayed a similar level of optimism over the impact of Brexit, with 44 per cent believing it will be positive for their business while 28 per cent stated it will have no impact at all.

Pessimism has fallen significantly among business owners, particularly within the las quarter, with only 14 per cent showing concerns for their businesses.

The survey highlighted that UK-based investors are notably more optimistic about the prospects of the UK economy than the European economy.

The findings from UBS come as cross-party Brexit talks continued, while the government confirmed that European Parliament elections in the UK would definitely go ahead yesterday.

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