02 September 2016

SMES SPLIT ON BREXIT IMPACT

SME owners, including printers, in the UK are divided on how much impact the decision to leave the EU is having on their businesses, a survey has revealed

The latest quarterly Business Barometer, carried out in July by asset finance firm Close Brothers, showed that although not overwhelmingly negative, printers were generally more cautious about investment following the vote.

Responses from the print sector aligned very closely with those of others UK SMEs when asked whether they had seen a direct impact on their business caused by the decision to leave the EU.

More than half of the 900 SMEs (56%) responding to the survey said that they had yet to feel an impact on levels of business due the UKs decision to leave the EU, although in the print sector that figure was marginally higher at 57%. Nearly a third (30%) said they had been impacted and 13% stated it was too early to tell, compared to 24% and 20% of respondents from other sectors.