The leading international business and financial research house Ebury and its recent survey and analysis of the question of the Britain planning to leave the EU has clearly indicated that the small and medium business enterprises in the Europe will have a great set back including the one in England. The SME’s are also likely to cut down loses its trade interest with Britain if Britain exists EU.
The survey clearly indicated more than 30 % of the SME in Spain and 20 % in Netherlands are likely to fully cut down its trade relationships with England if Britain exits the European Union. Ebury published these results as an outcome of a survey with more than 600 SME in Britain, Spain and Netherlands.
At least 30 % of the Spanish companies would like to increase their business with the Asian countries first to compensate the business loss of the exits of Britain. Nearly 20 % of them preferred South America and rest of Europe, leaving these countries as the second market next to the Asian countries. The third choice was North America, Middle East and Oceania, which less than 10 % of the companies opted. This clearly indicates that the exit of the English country from the European Union will give way to the increase in business relationships with Spain and Asian countries.
The picture of the Netherlands SME was totally in the other direction, less than 20 % of them preferred Asian Countries and more than 80 % of them would like to do business with the rest of Europe who is the part of European Union rather than any other country in the World. Almost 20 % of the companies in the UK would like to relocate their operating hub in the event of the Britain’s Exist from EU.
The Managing director of Ebury, UK, Mr. Andrew further added to their survey, this exit if happens will be a great concern to all business in the country immaterial of their size. This will lead to many problems a few to be addressed are accessibility, regulations and immigration policies. The worst affected will be the SME’s as their tie up and relationships with a corporate will receive a big blow.
Almost all the SME’s who live in England or have a trade relationship with the country choice was England should remain in the Union to avoid a great loss. They afraid this will curtail the free movement they have now, the English stock and trade market may come down, realtors and the estate prices may decline or even the pound may get hit in the volatile market. All these will affect each and every trade and business in the country.
A few of the English mid-size company who are initiating this motion said, Britain can continue only if the required changes are brought in the trade relation and Union agreement. Only new reform can open more doors of business raise.
