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Some 62% of British SMEs voted to remain in the European Union, a recent survey by small business lender Liberis found.
According to the survey, the highest earning businesses with a turnover of over £1,000,000 a year voted to leave the EU more than any other, at 30%. At the opposite end of the spectrum, 60% of micro businesses, with a turnover of up to £50,000, voted to remain.
Additionally, 41% of over 500 small businesses said that the triggering of Article 50 had had a “negative impact” on trade. However, 54% revealed they hadn’t felt any positive or negative effects on their business.
Of business owners who voted to leave the EU, retail was the sector who voted to leave the most at 17%, suggesting that access to the free market might not be as important to UK retailers.
The survey also found that 65% of respondents didn’t believe leaving the European Union will affect their business’ ability to hire staff.