THE IMPACT of Brexit is becoming clearer for Berkshire’s small businesses, according to Close Brothers Asset Finance.
The banking group reported that four in 10 small- to medium-sized enterprises (SMEs) have increased their costs following the country’s exit from the EU.
It also found more than half (56%) are concerned about how Brexit will affect usual trading patterns.
Neil Davies, from Close Brothers, said:
“What we’ve found is access to goods and services from, and to, the EU is causing the biggest headaches.
“That being said, many firms don’t have much of a reliance on the EU and have subsequently not felt the same impact as others, meaning it’s a very mixed picture out there, dependent primarily on which sector you’re in.”
Close Brothers also found that 39% of businesses did not make special arrangements to prepare for Brexit.
