UK and international headlines prominently feature the ongoing negotiations over Brexit between the UK and the European Union but as the angry rhetoric is leveraged upwards to secure a deal both sides will be happy with, so the narrative surrounding the health – or otherwise – of the UK economy is becoming misleading. A picture is being painted of business grinding to a halt because of political paralysis, but this is far from the case.
A growing SME sector
The number of UK SMEs has expanded considerably since the Brexit vote in 2016, and that expansion is being supported in part by sound economic factors. There was an increase of 197,000 small businesses between 2016 and 2017 and according to the Federation of Small Businesses, the number of SMEs employing staff rose by 3% after the Brexit vote.
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