Brexit blues

UK SMEs fear finance difficulties.

Small businesses in the UK expect accessing finance to become more difficult after the country leaves the European Union next year.

A British Business Bank survey found many firms expect accessing both equity and debt financing will become more difficult when the country is outside of the bloc, with debt financing have a slightly worse outlook than equity.

Few firms expected accessing finance to get easier, just 4% for both debt and equity. However, a majority of firms expect no differences.

Many firms remain unsure of the outlook, indicating the real effect on business confidence may not be known until the UK government completes its negotiations with the EU later in 2018.