There are several levels of hell that sterling could experience this week, all of which will affect the country’s army of SMEs in some way.
If we suddenly learned the world would end tomorrow, someone would make money from the discovery. At the very least, to quote singer Tom Lehrer: “Lloyd’s of London would be loaded when they go.” It also sums up the crux of this guide.
Our September 2017 economic statistics unfortunately unveil a month mired with data that pointed out issues within the UK economy.
After PayPal revealed SMEs were benefitting from the weak pound to grow online exports, Real Business spoke with the company’s MD, Mark Brant, for further details.
In this two-part exploration of the reality of Brexit, we explore the potential disadvantages and opportunities afforded to small businesses in the UK post-EU. In order to ensure we end things on a high, let’s kick things off with the disadvantages.
As Giles Fuchs looks for the capital that will finance the next stage of his company’s growth, he explains why international investors will play a big part.
The majority (59 percent) of British retail decision-makers consider the US to be the most important retail e-commerce market, despite the fact that less than half (44 per cent) of UK retailers currently sell to the US.
This week, as the pound has rocketed even lower, we experienced a strange side-effect of Brexit that I don’t think anybody predicted back in June Marmite has become slightly more difficult to get hold of.
Following the denial, anger, depression and acceptance, now comes the bargaining. After a summer recess in which fledgling ministers switched off, now the UK’s new government cabinet has rebooted itself to “brainstorm” the reality of Brexit.
For most small business owners, the day-to-day challenge of growing the company, keeping customers happy and paying staff and suppliers leaves them little time to worry about currency markets. But volatile exchange rates aren’t just a problem for City traders.
Investors welcomed news that the election outcome is clearer than previously expected. As the FTSE 100 gains more than 1.6 per cent in early trading, Real Business canvassed the web for the financial reaction to the election.
Kevin Grant, managing director of corporate international payments at Moneycorp, discusses how the pound’s exchange rate can impact importing and exporting businesses.