Major Businesses Do Not Like Brexit According to Latest Fortune Magazine Report
One of the most inflammatory topics of discussion these days with relation to global political economy is whether Great Britain is going to stay within the European Union and over the past few months, heated debates have taken place within people from all across the world including those within the British political establishment. Most of the stake holders in different industries have vehemently stated that they would like Great Britain to vote in favour of staying in the EU and in fact, things came to such a pass that US President Barrack Obama had to fly down to London in order to convince the people that a vote to stay in the EU was in the best interests of the country. However, the best indicator of the general mood is to see hos big businesses behave towards Brexit and according to latest reports in the influential business magazine Fortune, most of the large businesses are completely against the idea and want things to go on as they have been all this while.
In the widely read report, the magazine states that the regulators in the United States are wary of how things are going to pan out and have asked corporations to plan in advance with the possibility of Brexit in mind. The report further goes on to state the attitudes of some of the comanies,
"The prospect is widely loathed by large multinational companies. On earnings calls, Goldman Sachs said it was "well prepared" and that an exit would be a "multiyear process." Still, Goldman, along with Morgan Stanley , Citi , and J.P. Morgan , have donated to anti-Brexit campaigns. Automakers like General Motors and Ford have vocally opposed the referendum. BMW wrote its U.K. employees a letter touting the benefits of the EU. And Caterpillar had Prime Minister David Cameron come in to speak to its thousands of British workers about Brexit risks."
