Europe is Where Most UK SMEs Go First on Exports

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Europe is the market most UK small business exporters go to first. Over half say it’s easier to trade with versus elsewhere.  The Federation of Small Businesses (FSB) reveals through its research a trade deal with Europe is top of the list for UK small businesses post Brexit.

Nine out of 10 (92%) exporting small businesses and 85% of importers trade with the EU. It is also the first foreign market many small firms go to: exporters are twice as likely to have exported to the EU for the first time, than another market. 

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Is Global Uncertainty Taking Its Toll?

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Confidence in smaller firms is "cooling," with increasing caution among business prospects, while global economic uncertainty is taking its toll on Britain's manufacturers, according to new studies published by the Federation of Small Business (FSB).

Read more:  Small firms and manufacturers report dip in confidence