Business confidence amongst UK SMEs is on the increase, with just under half expecting sales to increase over the next three months, according to new data from business funder Bibby Financial Services (BFS). In the week that Prime Minister, Theresa May, triggered Article 50 and European Council President Donald Tusk outlined the EU’s strategy for
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Tag Archive for Brexit
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Brexit and SMEs: Assessing opinion over the last six months
by Ben Lobel • • 0 Comments
The UK’s referendum result in June 2016, which will result in our leaving the EU, has triggered one of the biggest change programmes the country has seen in hundreds of years. The changes will be wide and deep and will certainly hit all of us in business today. Which way you voted no longer matters.
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Millions of SMEs in Brexit trade limbo
by Owen Gough • • 0 Comments
Millions of Britain’s SMEs trading internationally are in a trade limbo about what Brexit will mean – putting valuable overseas income at risk – according to data from TransferWise. As Britain awaits the triggering of Article 50, SMEs admit Brexit will change their trading habits, but they’re not sure how. Half (47 per cent) of SMEs
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A fifth of UK startups expect to open a European outpost due to Brexit
by Owen Gough • • 0 Comments
Silicon Valley Bank (SVB) releases its Startup Outlook report today. The report, now in its fifth year in the UK, is based on an annual survey of technology and healthcare startups that gauges their perceptions on European business conditions and Brexit, as well as fundraising, hiring and policy issues. This year’s survey included responses from
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What you need to know about the UK’s Brexit negotiation stance
by Owen Gough • • 0 Comments
On the 17th January 2017, Theresa May outlined the UK government’s plans for their European Union (EU) exit in, the most comprehensive speech since the decision was made to leave the EU last year, but what does this actually mean for British businesses? Phil Foster, managing director of business energy comparison site, Love Energy Savings
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Brexit concerns outweighed by cash flow and skills as barriers to growth
by Ben Lobel • • 0 Comments
In a new poll of entrepreneurs by the Entrepreneurs’ Forum, cash flow is cited as the most significant barrier to growth by more than a quarter of respondents, followed by challenges in recruiting personnel with the right skills (23 per cent). By contrast, Brexit only appears to only be a barrier to growth for 5 per cent of
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World, we are still open for business
by Ben Lobel • • 0 Comments
If you asked me on September 23rd, three months after the Brexit vote, whether there had been an impact on our business, I’d have said no. My rationale being that, since that fateful day, we had exported to 34 countries, from Saudi Arabia to Singapore, including 23 in Europe. So it seems my initial fears
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Small business owners are less worried about Brexit than before the referendum
by Ben Lobel • • 0 Comments
Before the referendum, more than half (52 per cent) of small and medium-sized enterprise (SME) leaders believed that share prices would fall in the wake of Brexit. However, this has since decreased to just over a third (39 per cent) who think this will happen, according to a study by Opinium. In May, more than a
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Smallest companies confident about life after Brexit
by Ben Lobel • • 0 Comments
More than half of business owners and small businesses (51 per cent) expect revenue to increase in the next 12 months, with only 15 per cent disagreeing with this, suggesting life after Brexit may be more than manageable for the majority of companies. In line with the latest rises in some economic indicators, they are also confident in
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Does Brexit mean exit for entrepreneurs?
by Ben Lobel • • 0 Comments
The unexpected EU referendum result has ushered in a period of uncertainty for the UK. When will the UK trigger Article 50 to begin its two year countdown to exit? What will the UK’s trading relationship with the EU and rest of the world look like after exit? Will Brexit mean the UK will struggle
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