Kyle – New survey shows SMEs speaking with increasingly clear voice against hard Brexit

A new survey of small- and medium-sized businesses published today shows that a large majority of them want to stay in the Single Market and the Customs Union after Brexit.

The survey, conducted by the Harvard Kennedy School, spoke to 80 SMEs. The “overwhelming majority” wanted to stay a member of the Customs Union because they believed that “the potential gains from Britain negotiating its own trade deals elsewhere in the world cannot offset the substantial disadvantages of leaving the Customs Union”. A large majority also wanted to stay in the Single Market.

 

 Commenting, Peter Kyle MP, leading supporter of Open Britain, said: 

“This new survey shows that small and medium-sized businesses are speaking with an increasingly clear voice on Brexit: they do not want the hard Brexit that the Government is stumbling towards. 

“The ludicrous idea that any of the supposed ‘advantages’ of leaving the Single Market and the Customs Union can make up for the grievous damage that leaving them will do has been repeatedly and categorically debunked, including by businesses of all sizes who trade with Europe and the rest of the world.

“There is no economic case whatsoever for what the Government is pursuing, as even their own secret impact assessments have shown. As the risk to jobs and the economy increases by the day, everyone is entitled to keep an open mind about whether Brexit is the right path for the country.”

/ends

 

Notes to editors:

More reporting on this story can be read here.