What is the impact on small businesses…
The study by academics at the University of St Andrews looked at the potential impact of Brexit on SMEs.
Said to be the first study of its kind, it draws on information gleaned from a UK government attitude survey of about 10,000 firms.
A UK government spokesman said it was “engaging extensively with businesses and organisations across the country”.
The findings of the study highlight the potential impact of the uncertainty caused by Brexit.
It suggests that in terms of its perceived impact, Brexit is likely to result in lower levels of capital investment, reduced access to external finance, lower levels of growth, reduced product development and lower levels of business internationalisation.
We don’t think any company fully knows the impact that Brexit will have on its business, we are not immune to that and will continue to keep our focus and wits about us as the government moves towards Britains exit from the EU. We will continue to work with our customers to provide a great service, at good value and hope that when Brexit comes into effect that it will be positive for British businesses and its employees.
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