Small and medium-sized (SMEs) businesses in the UK are the most likely to experience a negative impact from Brexit, despite being considered "significant for boosting productivity and economic growth", according to researchers at the University of St Andrews. A first-of-its-kind study, based on data from a UK government longitudinal small business survey, found the perceived impact of Brexit on SMEs would include reduced capital investment and product development to lower levels of growth. The study also said larger, more innovative firms were more likely to have concerns Brexit.
Small and medium-sized (SMEs) businesses in the UK are the most likely to experience a negative impact from Brexit, despite being considered "significant for boosting productivity and economic growth", according to researchers at the University of St Andrews. A first-of-its-kind study, based on data from a UK government longitudinal small business survey, found the perceived impact of Brexit on SMEs would include reduced capital investment and product development to lower levels of growth. The study also said larger, more innovative firms were more likely to have concerns post-Brexit.