Although the majority of SMEs have yet to put Brexit-proofing plans in place, since Article 50 was triggered, 32 per cent have upped business development activity, and 27 per cent have decreased their costs.
Amidst a Spring Budget u-turn and Article 50 getting triggered in the past month, there have been several economic developments that SMEs have had to embrace.
For thousands of years, global trade was built on the flow of goods along the infamous Silk Roads – and it still holds numerous exporting opportunities for UK businesses today.
The outcome of the EU referendum last June continues, so to help business leaders with their Brexit opinion, here’s the who, what and where of latest developments.
With Article 50 and Brexit uncertainty continuing in 2017, the UK’s SMEs have weathered many an economic storm over the past decade.
The vote of the UK to leave the EU seemed to take everyone by surprise, not least the foreign exchange markets. In the immediate aftermath of the vote, sterling fell by up to 13 per cent against the US dollar and up to 11 per cent against the euro.
In a frank and impromptu Q&A in front of the press today, Real Business heard first-hand of the Virgin founder’s fury and upset at the nation’s decision to leave the European Union, claiming that it’s been a “bloodbath” since the announcement was made.
Now that the British public has made its choice about whether to stay in or leave the European Union, much of the conversation has turned to the exit strategy – and the so-called “Article 50”. But what does it actually mean?
With the British public picking Brexit and an end to its ties with the European Union, Real Business looks at four key laws which govern UK companies – analysing what the future of each could be.
The ramifications of the referendum decision the country made on Thursday 23 June will be felt for generations to come. Nobody knows for certain what will happen, which for many, no matter which way they voted, will be a concerning prospect.
The British public have expressed a clear wish to leave the European Union, despite warnings from economists that such a decision could wreak havoc on the business climate.
The government has emphasised the importance of the Transatlantic Trade and Investment Partnership (TTIP) for small and medium-sized businesses (SMEs) – saying it is not just for big firms.