![Tim Potter](https://i0.wp.com/marketingstockport.co.uk/wp-content/uploads/2016/03/Tim-Potter-Photo.jpg?resize=500%2C400&ssl=1)
Most business bosses in the north west believe Brexit will leave their companies worse off this year but they are more optimistic about its long-term impact, a poll shows.
Stockport accountants and business advisers Hurst quizzed 2,700 managing directors and finance directors across the region for their views following the EU referendum on June 23.
Seven out of 10 respondents said they believe their business will be worse off this year, with just 14 per cent saying Brexit will have a positive effect. The rest said there would be no change.
However, 42 per cent said they believe Brexit will have a positive effect over the next five years, with 36 per cent saying the consequences will be negative.
Hurst chief executive Tim Potter said entrepreneurs are being pragmatic and are seeking fresh opportunities despite the bleak short-term outlook.
He added: “As the trusted adviser to our clients, it is important that we listen to their concerns and offer support and guidance.
“We need to guard against being overly negative and to encourage our clients to look for ways to move their businesses forward despite the uncertainty.”
The key fears raised by bosses include loss of access to European markets, a shortage of skilled staff and the impact of sterling’s devaluation on the cost of imported goods and raw materials.
Others said economic uncertainty putting paid to clients’ investment plans, and their own hopes of selling up, are also major concerns.
However, those who felt Brexit will leave them better off said their exports are likely to be boosted by sterling’s fall and the removal of EU regulatory shackles.
Tim added: “There are, and always have been, significant opportunities for north west companies beyond the EU. We may start to see businesses look more seriously at these markets and we are well-placed to help them do that.”