Mark Mitchell, CEO of Meridian Business Support, said in OnRec comments: “The result is shocking and it’s a sad day for the UK. We now face a level of political instability and an uncertainty over who is going to be the next Prime Minister.
“As a country we will become less relevant. In the years to come, I expect we will experience a significant lack of investment in major industries as other countries wont want to trade with the UK. Brexit means we are isolating ourselves and we may not seem favourable to other countries.
“The result makes us appear to be less friendly and tolerant and has turned many of our workforce into official immigrants than colleagues – this will have a detrimental effect on staffing.
“Brexit will have a major impact on start-ups and businesses. The economic impact will be damaging as we have cut ourselves off from a valuable source of skilled labour and we may have cut ourselves off from the single market. It’s going to take a lot of time, money and effort in order to get new trade agreements up and off the ground.
“But we have to respect the vote, and get on with it.”