Strong support for Brexit amongst SMEs
Small UK businesses are bullish about international trade, and have been taking advantage of the weak pound to increase overseas sales since the EU referendum, a survey by OFX has revealed. Of the 500 owners and senior managers surveyed, 67% said they feel confident about doing business overseas. Since the EU referendum, almost half (48%) have increased international sales, while 36% expect to start or increase exports in the next twelve months. Since the EU referendum, 28% of the SMEs surveyed have seen sales decrease to UK customers, while 44% say rising inflation is the biggest current concern for their business.
Source: Insider (04/08/2017)