More than two thirds of personal investors do not believe Theresa May’s Brexit deal reflects the outcome of the EU Referendum

As Parliament starts five days of debate on Theresa May’s Brexit deal before it goes to the vote next Tuesday, The Share Centre can reveal it has little support among personal investors.

Exclusive research from The Share Centre, with over 3,000 responses from its customers, reveals that personal investors do not support the current deal being proposed. The responses were representative of the overall EU Referendum result, with 51% of respondents saying they voted to Leave and 49% saying they voted Remain.

When questioned on the deal negotiated by Theresa May, 69% of personal investors expressed the view that it does not deliver on the outcome of the 2016 EU Referendum.  Accordingly only a third (33%) believes that Parliament should support the deal when it comes to vote on 11 December, while even fewer (8%) believe Parliament will actually support the deal.

Whilst this is not good news for the Prime Minister, personal investors do still express support for Theresa May with a majority (57%) stating that the Prime Minister should not resign if she loses the vote on 11 December. The reason for this is clear with less than one in 20 personal investors (4.6%) believing a Government led by Jeremy Corbyn would be able to negotiate a better deal.

Commenting on the findings, Richard Stone, Chief Executive of The Share Centre, said:

“The latest results from our customer base survey clearly show how evident it is that the deal as negotiated by Theresa May does not command support from personal investors. Furthermore the majority think it should, and believe it will, be voted down by Parliament.

“These results highlight how there is absolutely no confidence that a Government led by Jeremy Corbyn could negotiate a better deal. However, worryingly for Theresa May, it also shows a drop in Conservative support among our customer base with a fall from 64% just before the 2017 General Election, to 55% in this latest survey. On the other hand, support for Labour, the Liberal Democrats and UKIP has increased. Indeed, albeit at low levels, it could be that we are seeing a slight resurgence in support for UKIP on the back of the belief (by 69% of personal investors) that the deal does not deliver on the EU Referendum vote. UKIP’s support increased from less than 2% of those surveyed back in April 2017 to over 7% in our latest survey undertaken last weekend.”