With just a few weeks remaining until the UK is scheduled to officially leave the European Union, many businesses around Britain and internationally are ramping up their Brexit preparations. Whether we leave with no deal, progress with a hard or soft Brexit or ultimately extend Article 50, businesses of all sizes are concerned about their future.
For some businesses - particularly those for whom exporting is business-critical - this concern is palpable. In fact, a recent survey by the Institute of Directors (IoD) found that 29% of business owners in the UK were planning to move some operations overseas after Brexit.
However, not all businesses feel so pessimistic about their future. According to a survey completed by e-commerce giant eBay, millennial entrepreneurs are the most optimistic about their businesses’ future after Britain leaves the EU, compared to SME owners over the age of 35:
Of course, Brexit remains a concern, with 32% of businesses across all industries identifying Britain leaving the EU as the biggest risk to growth in 2019. Despite this, however, 62% of all business owners said they planned to increase investment in 2019, and 43% said they felt positive about future growth, while only 22% said they did not.
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