Chartered Accountants Ireland ROI Press Release

A new survey of Republic of Ireland business leaders shows that 97% believe that the UK should remain part of the European Union.

The potential knock-on effect for the Irish economy was a key motivation for those surveyed in the Republic of Ireland. The need for the EU to be united in an increasingly globalised market was also considered important by respondents supporting ‘Remain’.

The poll, conducted by Coyne Research on behalf of Chartered Accountants Ireland, indicates that only 3% feel that the UK should vote to leave the EU. Of the 2,840 respondents, 70% are based in ROI, 12% in NI with the remainder in mainland Britain and overseas.

The survey shows that support for a ‘Remain’ vote is also extremely strong amongst Chartered Accountants Ireland members in Northern Ireland and Great Britain. In Northern Ireland, 82% of Chartered Accountants back a ‘Remain’ vote and in Great Britain, 86% of Chartered Accountants feel that the UK would be better off inside the EU.

The main reason cited by those backing ‘Remain’ across all geographic areas was that ‘The EU is stronger with the UK as a member’. Respondents also cited factors such as a potential negative impact on the Irish economy in the event of a UK exit, and the importance of a united EU in the face of global competitiveness.

The key reasons cited by those backing a ‘Leave’ vote across all geographic areas were that ‘the UK would be stronger outside the EU’; ‘Euroscepticism’ and ‘greater control over economic migration’.

Speaking at a gathering of Professional Accountants in Europe in Barcelona, Liam Lynch, Deputy President of Chartered Accountants Ireland said:
“Our research with Chartered Accountants Ireland members shows that a massive majority are in favour of the UK remaining in the European Union. Their opinion is important: we represent almost 4,000 Chartered Accountants in Northern Ireland with a further almost 2,000 based in Great Britain, with most of the remainder in the Republic of Ireland, and our Institute is proud of its status as both an Irish and UK representative body.

Furthermore, 77% of our members hold senior positions at the centre of business, finance and industry. Therefore this study is a broad-based and reliable insight into what senior business leaders, not just in the UK, but also in Ireland and overseas, are thinking about the upcoming EU referendum.

“While there is no shortage of conflicting reports, projections and speculation on both sides of the debate, in my view the business community have little to go on but conjecture and opinion – in effect, it is impossible to forecast either the vote or its effect.  The prevailing message from our members is one of uncertainty, and this seems likely to have an impact on business decisions at a micro and macro level across these islands in the run-up to the referendum.

“Whatever the outcome, it is vital that Chartered Accountants are primed to help the business sector deal with the fallout of the referendum and to maintain and build those vital international trade relationships.”

Ends

Reference:      Brendan O’Hora, Director of Communications and Marketing

E:                    brendan.ohora@charteredaccountants.ie

M:                   00353 86 2432428

Notes to editors:

Further details of the above survey are available from Chartered Accountants Ireland.

Chartered Accountants are Ireland’s leading business professionals, providing essential business advice in every sector of the economy across the island of Ireland and globally. Established by Royal Charter in 1888, Chartered Accountants Ireland is Ireland’s largest and fastest growing accountancy body, now with 24,500 members internationally, almost 4,000 Northern Ireland members and almost 2,000 members in Great Britain. It is the voice of the accountancy profession across the island of Ireland.

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