small business brexit

Business Owners More Upbeat About Brexit

Business Owners More Upbeat About Brexit

UK small business owners are more upbeat about Brexit than they were before the referendum, according to a report by Opinium. The survey of 500 senior decision makers in the small enterprise landscape revealed that 52% of respondents believed that share prices would fall in the wake of June’s surprise result, but this figure has since decreased to just 39%, suggesting business owners are now less pessimistic about the future. In May, 28% of those surveyed believed a potential Brexit would result in an economic recession, but this figure has also fallen to just 18%. However, 45% are of the opinion there will be a slowdown in economic growth, even if this won’t lead to a full-on recession. Oct 2016 May 2016   Rise Fall Rise Fall Share prices 29% 39% 16% 52% Economic growth 31% 37%... »

Small Businesses Put Hiring On Hold Following Brexit Result

Small Businesses Put Hiring On Hold Following Brexit Result

25% of UK businesses intend to put a freeze on their recruitment processes following Friday’s EU referendum result in which Britain voted to leave the EU, according to a report from the Institute of Directors. Surveying 1,092 business leaders, over 60% of those surveyed said they believe that Brexit will be bad for their business while 20% said they are now considering moving their operations abroad. Approximately 33% of business owners said their hiring activity would continue at the same pace but 5% conceded that they will have to make some staff redundant. With small businesses now preparing for life outside the EU, more than half of business owners want the government to prolong negotiations with the EU, rather than a quick break, in the hope of Britain getting a better deal. Simon Wal... »