Monday, 19 September 2016

SMEs split on chances of break-up of UK following Brexit vote - 19/09/2016

SMEs split on chances of break-up of UK following Brexit vote

Close to two fifths (38%) of the UK’s SME business owners anticipate that the UK's decision to leave the EU will lead to the break-up of the UK, according to the Close Brothers Business Barometer, a quarterly survey of UK SME owners and senior management across a range of sectors and regions.

Only in Scotland (51%) and Greater London (52%) did over half of business owners answer ‘yes’ to the question ‘do you anticipate the UK's decision to leave the EU will lead to the break-up of the UK?’. East Anglia was the region that felt the strongest about the UK remaining united, with only 21% saying ‘yes’.

“The UK’s decision to leave the EU has made business owners confront a number of issues that perhaps they did not actively consider before,” said Neil Davies, CEO, Close Brothers Asset Finance. “Over 60% of those surveyed feel that the union will survive intact, but there are, as one would expect, strong regional variations.”

Sectors
Taking Close Brothers Asset Finance’s key sectors into account, all scored around the 38% national average of ‘yes’ responses:

  • Construction – 33%
  • Engineering – 44%
  • Manufacturing – 39%
  • Transport – 40%
  • Print – 43%

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