Small-medium sized businesses could lose out in a no-deal Brexit

The Business Barn

Member
If no agreement is reached during Brexit negotiations between the UK and the EU, small businesses will suffer.

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A study by the Federation of Small Businesses (FSB) has found that 59% of SMEs that export goods to the EU Customs Union say trade would be impacted if overall costs increased as a result of having to complete additional customs declarations. One in ten smaller firms say they would stop exporting to the EU altogether.

Martin McTague, FSB national policy chairman, is urging the government to intensify negotiations with the EU to deliver a "pro-business Brexit based on easy trade, access to talent and a transition period."

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