
More than a third of hauliers (35%) have felt an effect from the UK’s decision to leave the EU, according to the latest Close Brothers Business Barometer. The latest quarterly report surveyed more than 900 small and medium-sized businesses (SMEs).
More than a third of hauliers (35%) have felt an effect from the UK’s decision to leave the EU, according to the latest Close Brothers Business Barometer.
The latest quarterly report surveyed more than 900 small and medium-sized businesses (SMEs).
In comparison, when all the UK’s SMEs in the survey were asked if they had experienced an effect from the UK’s vote, just 24% said they had.
The report also found that 56% of SMEs had experienced no effect (compared with half of haulage firms), while 20% said it was too early to tell (compared with 15% of hauliers).
Where an effect had been felt, the barometer found a split in responses regarding whether it had been a negative or positive one for the affected businesses.
“It’s clear that the majority of UK SMEs are yet to feel any tangible effects from Brexit,” said Neil Davies, CEO of Close Brothers Asset Finance.
“It’s pretty much split down the middle in terms of those who have been positively and detrimentally affected. There is also a regional difference, with businesses in London feeling the most exposed,” he said.
Of the firms surveyed, Greater London was the region most likely to delay spending, with nearly half (48%) of all-industry respondents suggesting that the Leave vote had prevented them from investing.
Regions most likely to answer no to the question: have you delayed any spending or investment decisions because of the EU referendum? were East Anglia (87%), Wales (90%) and Northern Ireland (90%).
- If you would like to learn more about the implications of the UK’s vote to leave the EU, CM is holding a Road Transport Brexit Debate at the Scarman Conference Centre in Warwick on 12 October. For more details and to register for this free event, go to rtbrexitdebate.com.