The outlook for small businesses in 2017 – 2018

Uncertainty is probably one of the most difficult things to deal with in business. Thanks to recent events, it’s also one of the prevailing factors of the UK economy right now. That means, for small business owners, there are additional challenges, as well as the usual ebbs and flows of markets and customers. However, while things may be uncertain, they aren’t necessarily bleak. EU legislation post-Brexit Although we have voted to leave the EU, this decision hasn’t yet taken effect. It is estimated that it will take around two years to fully depart. This means that businesses will still be bound by EU regulations during this time and will still enjoy EU benefits. So, the best approach for businesses large or small is to begin to understand where you are affected by EU regulation and prepare for that to change. The falling value of the pound The drop in the pound’s value is probably the one factor that has had the biggest effect on business. Triggered by the Brexit vote, the po


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