On Thursday 23 June 2016, the UK voted to leave the EU by 51.9% to 48.1%.
Although the UK is now entering a period of political and economic uncertainty we would like to reassure our customers that the outcome of the referendum will have little immediate impact on our everyday activities.
Skipton Building Society operates exclusively in the UK and so has less exposure to Europe than many other businesses. As ever, our priority will always be balancing our financial strength together with the long term best interest of our members.
How will Brexit affect Skipton customers?
Skipton remains financially strong with recent credit rating agency upgrades, strong liquidity and sustainable growth as seen in our latest annual results announcement.
Like all businesses, and as ever, we will watch carefully to see how markets develop in the coming months. But for our business we see no reason for it not to be business as usual. Savers should be reassured that Skipton Building Society is very well capitalised, has ample liquidity, and of course, the UK's Financial Services Compensation Scheme remains in place.
We’re watching the unfolding events carefully, and are well placed to face any challenges ahead – and make the most of any opportunities as they arise.
If you want to talk to us about any of your Skipton accounts, you can find your local branch using our branch finder, or call us on 0345 850 1700.