SMEs want to ‘Remain’, says accountant

A poll carried out by Watson Buckle Chartered Accountants has found a majority of respondents wanting to remain in the EU. The Bradford-based firm invited small and medium sized enterprises (SMEs) to respond to the poll.

Of those who responded, 43.3 per cent thought Britain should remain in the EU while 36.7 per cent backed Brexit. The remaining 20 per cent thought not enough information was available to make an informed decision.

There are now only weeks to go before Britain goes to the polls on Thursday 23 June 2016 to decide whether it will leave or remain in the EU and many SMEs are asking how the different outcomes will affect them.

SMEs are the backbone of the UK economy with a total annual turnover of more than £1.8 trillion. They employ more than 15 million people, accounting for 60 per cent of all private sector employment in the UK.

Susan Sedgwick, Managing Director at Watson Buckle, said: “The outcome of the EU Referendum will potentially have a major impact on SMEs across all sectors. Our survey shows that while a majority want to remain in the EU, up to a fifth of SMEs are worried that they don’t yet have enough information to make a decision.

“I hope both sides of the debate will give SMEs an accurate picture of how the outcome will affect them and their customers so they can make informed decisions when they go to the polls. Given how close the outcome looks set to be, the votes of those SMEs wanting more information could be crucial.”

She added: “Here at Watson Buckle we’ll continue to provide businesses of all sizes with expert advice on all aspects of tax and finance, whatever the outcome on 23 June.”

Written on 6th May 2016Lillie Geistdorfer. Published in Members News, News