U.K. Small Businesses Urge Government to Avoid Brexit Cliff Edge
- Access to EU market ‘crucial,’ small business lobby says
- Sixty-three percent of small companies say EU is top priority
Four Finance Ministers Talk Brexit in 75 Seconds
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British small companies are urging the government to seek a transitional arrangement with the European Union to avoid a damaging reversion to World Trade Organization tariffs.
A quarter of companies with fewer than 250 employees would be “genuinely deterred” from trading with the EU should tariffs of any magnitude be introduced, while a third would be put off by tariffs of between 2 percent and 4 percent, the Federation of Small Businesses said in a survey published Tuesday. Sixty-three percent of companies said that securing free trade with the EU remained the top priority.