Small Business Divided Over the UK Remaining in the EU
Companies based in England are the most sceptical about remaining in the EU whereas Scottish businesses are the most in favour
A clear small business divide on Britain’s European Membership (EU) has been made evident in a recent study by the Federation of Small Business (FSB).
When asked what their vote would be at present, 47% of small business owners said they would vote to stay in the EU, 41% said they would vote to leave, 11% said they were undecided and 1% said they wouldn’t vote or refused to give their opinion.
Businesses in England were found to be the most in favour of a Brexit with 43% affirming that they wanted to leave the EU. While Scotland was the most in favour of staying in the EU at 60%, followed by Northern Ireland at 54% and Wales at 49%.
Over half (55%) of the London-based companies surveyed said they supported Britain’s EU status opposed to the East Midlands, who were the least in favour at 49%.
Mike Cherry, policy director at the FSB, said:
“This research is a vital starting point in outlining the key issues and areas of concern for small businesses in the EU referendum.
“Regardless of what a firm’s current position is, there is a shared message that small businesses feel they lack clear, impartial information on which to form their views.”