Is International Trade Slowing Down For UK SMEs?

Jeremy Cook, Chief Economist at World First, commented: “The volatility of foreign exchange markets over the past twelve months, combined with the political and economic uncertainty has made the task of approaching foreign exchange markets with clarity and confidence even more difficult.  Rather than address the issue of currency volatility, many SMEs seem to be burying their heads in the sand. The lack of forward planning amongst SMEs is leaving them susceptible to future shocks that could have a significant impact to their bottom line – we only need to look towards June’s UK general election as another potential flash point.”

Top 5 Business Concerns Shared by UK SMEs

  1. Rise in inflation
  2. Fall in consumer spending
  3. Currency volatility
  4. Change in government policies
  5. Increase in business rates
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