SMEs still seem willing to invest

UK businesses have shown their resilience in the wake of the EU referendum some six months ago, new analysis has suggested.

The recent SME Confidence Tracker report, which covered the third quarter of 2016, demonstrated that, while business confidence has been affected by the vote for Brexit, many enterprises had responded far better than expected.

The survey found that more than a third of business owners (37 per cent) did not think that Brexit has impacted on their firm, with a similar number arguing that it is too early to say for certain.

Encouragingly, three in four businesses invested in new products and services in the three month period from July to September. This would seem to challenge reports that investment has faltered as a result of the referendum’s outcome.

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Lee Davy-Martin

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