{"id":136,"date":"2019-04-18T14:40:00","date_gmt":"2019-04-18T14:40:00","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/brexit-survey-reveals-small-business-uncertainty\/"},"modified":"2025-12-17T15:14:09","modified_gmt":"2025-12-17T15:14:09","slug":"brexit-survey-reveals-small-business-uncertainty","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/brexit-survey-reveals-small-business-uncertainty\/","title":{"rendered":"Brexit survey reveals small business uncertainty"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull has-no-margin hero-bg has-global-padding is-layout-constrained wp-block-group-is-layout-constrained has-background\" style=\"padding-top:var(--wp--preset--spacing--150);padding-bottom:var(--wp--preset--spacing--150);background-image:url(&apos;https:\/\/www.simplybusiness.co.uk\/wp-content\/themes\/simply-business-uk\/assets\/images\/faq-bg.png&apos;);background-size:cover;\">\n<h1 class=\"wp-block-heading has-text-align-center has-azure-700-color has-text-color has-link-color has-max-huge-font-size wp-elements-b731e075e3e00941ff13dc4b443617da\">Brexit survey reveals small business uncertainty<\/h1>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"576\" src=\"https:\/\/www.simplybusiness.co.uk\/wp-content\/uploads\/sites\/3\/2024\/05\/brexit-and-business-survey-small-businesses-feel-unsupported.webp?w=768\" alt=\"brexit-and-business-survey-small-businesses-feel-unsupported\" class=\"wp-image-6514\" srcset=\"https:\/\/www.simplybusiness.co.uk\/wp-content\/uploads\/sites\/3\/2024\/05\/brexit-and-business-survey-small-businesses-feel-unsupported.webp 768w, https:\/\/www.simplybusiness.co.uk\/wp-content\/uploads\/sites\/3\/2024\/05\/brexit-and-business-survey-small-businesses-feel-unsupported.webp?resize=150,113 150w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">SMEs admit lack of support has set up twice as many redundancies as hirings<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">Three quarters (76%) of SMEs admit to feeling unsupported ahead of Brexit<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Just 1 in 5 (20%) of SME owners know where to look for advice on Brexit<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Over a third (35%) of business owners have decided to delay growth plans<\/li>\n\n\n\n<li class=\"wp-block-list-item\">A third (31%) of SMEs are already feeling the impact of Brexit<\/li>\n\n\n\n<li class=\"wp-block-list-item\">1 in 5 (19%) of SMEs are on the brink of shutting down their business due to lack of support around Brexit<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">With Brexit set to face a delay, the majority of UK SMEs are still completely in the dark over what to expect, or how to better prepare for life after Brexit, according to new research released today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a survey of 1,200 SME owners across the UK, commissioned by small business insurance specialist Simply Business, three quarters (76%) of self-employed people admit to feeling unsupported ahead of Brexit as they ahead to an uncertain future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There were 5.7 million SMEs in the UK in 2018, which is 99% of all British businesses according to&nbsp;<a href=\"https:\/\/www.simplybusiness.co.uk\/wp-content\/uploads\/sites\/3\/2024\/05\/SN06152.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Parliament UK\u2019s Business Statistics Report<\/a>. The majority of our nation\u2019s small business owners have been left in the wilderness, as only 1 in 5 (20%) admit they know where to look for advice on how to safeguard their business\u2019 future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many have taken an air of caution before looking too far into the future. A third (35%) of business owners have decided to delay growth plans and further investment in their business, citing the lack of certainty as making it difficult to plan too far ahead.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Worryingly, 8% stated that they\u2019re having to make redundancies to cut costs, double that of the 4% (228,000) that are looking to hire new staff.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A third of small business have felt negative impact<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The uncertainty around Brexit has already caused immeasurable damage to some SMEs, with a third (31%) claiming to have felt a negative impact even before we have officially left the European Union. For those that have gone beyond balancing the books, an alarming fifth (19%) of SMEs are on the brink of shutting down their business due to the lack of support and guidance around Brexit. A staggering 2 in 5 (40%) of those that are yet to feel the impact of Brexit have admitted they are expecting to feel the impact before the end of this year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Self-employed are the backbone of the British economy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bea Montoya, COO at Simply Business, said \u201cThere isn\u2019t a blueprint for what happens after Brexit, which is particularly challenging for the UK\u2019s 5.7m hardworking SMEs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe self-employed are the backbone of the British economy, and they deserve more support and guidance \u2013 after all, it&#8217;s they who employ the majority of the UK workforce. A workforce which, according to our survey, is potentially at risk. Surely the government can clarify guidelines for what steps SMEs should take?&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although the minority, 1 in 12 (8%) business owners are predicting that post\u2013Brexit, they\u2019ll see a positive impact on their business. Indeed, 1 in 7 (14%) SMEs say they\u2019re already seeing an increase in sales and orders during Britain\u2019s exit from the EU. It is claimed that Brexit is set to open lots of new opportunities for businesses in Britain, however, just a fifth (20%) of small business owners are currently looking to explore different markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">For further information, please contact:<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Frank PR<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">+44 20 7693 7433<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"mailto:SimplyBusiness@welcometofrank.com\" target=\"_blank\" rel=\"noreferrer noopener\">SimplyBusiness@welcometofrank.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading wp-block-block\">About Simply Business<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__http:\/simplybusiness.co.uk__;!!N96JrnIq8IfO5w!hIDMrGse3KHfJu5_CiqiOsFWnj8k1HROe8Oqz7zCb7P2qVQXkH81IbN1SpIhNqbbhmdQrc22NsXe3U9O5ajDdkHOTa_CgxPfLGQ$\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Simply Business<\/a>\u202fis one of the UK\u2019s biggest business insurance providers, specialising in public liability insurance for small and midsize enterprises. Launched in 2005, Simply Business provides an online brokerage service, delivering policies tailored to individual business requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using the power of tech and data to create the best possible customer experiences, Simply Business employs over 1,200 people across offices in London and Northampton, UK; and in Boston, Massachusetts; and Atlanta, Georgia, in the U.S. Owing to the insurance provider\u2019s internal underwriting capability and expert panel of insurers, Simply Business can cover over 1,200 trade types \u2013 ranging from plumbers to accountants to dog walkers.\u202fIts UK brand campaign \u2013 \u2018<a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__https:\/www.simplybusiness.co.uk\/campaign\/small-businesses-deserve-our-best\/__;!!N96JrnIq8IfO5w!hIDMrGse3KHfJu5_CiqiOsFWnj8k1HROe8Oqz7zCb7P2qVQXkH81IbN1SpIhNqbbhmdQrc22NsXe3U9O5ajDdkHOTa_CxklTDMU$\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Simply The Best<\/a>\u2019 \u2013 aims to help UK small businesses feel \u2018the best\u2019 about their business insurance.<\/p>\n\n\n\n<div class=\"wp-block-group has-azure-800-color has-cyan-100-background-color has-text-color has-background has-link-color wp-elements-101cbde2ee0c57c7d6d0d48cbb8134b8 has-global-padding is-layout-constrained wp-container-core-group-is-layout-80fb368b wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30)\">\n<p class=\"has-text-align-center wp-block-paragraph\">We create this content for general information purposes and it should not be taken as advice. 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Brexit, according to new research [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28050,"parent":131,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"sb_hreflang":"","sb_hreflang_url":"","disable_breadcrumbs":false,"sb_breadcrumbs":[],"sb_faq_schema":"","sb_phone":"","sb_header_url_text":"","sb_secondary_logo":0,"sb_secondary_logo_url":"","sb_show_primary_cta":true,"sb_primary_cta_text":"","sb_primary_cta_url":"","sb_show_secondary_cta":true,"sb_secondary_cta_text":"","sb_secondary_cta_url":"","sb_show_contact_cta":true,"sb_contact_cta_id":"","sb_primary_cta_id":"","sb_secondary_cta_id":"","sb_no_sticky_header":false,"sb_show_last_updated_date":"","sb_enable_replacement_text":false,"sb_replacement_h1":"","_sb_hreflang_stale":false,"footnotes":""},"hidden-category":[],"import-page-type":[],"coauthors":[50],"class_list":["post-136","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is 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