Letter on small business confidence

Delivered by Margot Parker on 27 October 2016

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To The Editor,

Dear Sir,

I read with interest a report on how small businesses across Lincolnshire are looking for stability following the UK's decision to leave the EU.

The chairman of the Great Lincolnshire branch of the Federation of Small Businesses says businesses need to move on from the uncertainty since the Brexit vote.

I agree, which is why the quicker Article 50 is triggered, the better. Although it is worth pointing out the news of increased investment in exports by small businesses. The SME confidence tracker shows more small businesses are looking at exporting than before the referendum vote in June. It is clear the potential for global trade after Brexit is being realised by many small businesses and they are already looking at ways to grasp the many opportunities we will now have.

I do know many small businesses not involved in export are concerned at the fluctuations in the value of the pound. I really do have sympathy with those who import their products and who are looking at reduced profits or higher prices for their end users.

Perhaps now would be a good time for those who do import to explore domestic suppliers for their needs - this could not only address some of their uncertainties, but would also stimulate our domestic economy and provide a good foundation for even more robust manufacturing and service provision sectors post-Brexit.

I think it is now abundantly clear to everyone that the predictions of total economic collapse on June 24 have not come true. While the continued pessimism and negativity shown by some institutions, organisations and prominent individuals doubtless has a less-than-helpful effect on the value of the pound, the resilience of the UK economy is showing with consumer and business confidence growing across the board.

Yours faithfully,

Margot Parker, UKIP MEP for Lincolnshire and the party's spokesman for small businesses.


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