With Christmas shopping in full swing, it begs the question, ‘How are the UK’s SMEs fairing this season, despite Brexit?’ Avalara asked this question among UK SMEs in a recent survey. We found that, despite Brexit, more than 60% of UK SMEs say they won’t be making adjustments to their business this season. In fact, more than half (54%) are not concerned about Brexit impacting their Christmas season sales. Furthermore, 75% of SMEs said they are ready for the Christmas shopping season.
The Parliamentary vote on Brexit had added further confusion on the likely date of Brexit. While many companies may have already started drawing up plans, including exit strategies, the exact exit date of Brexit had been put in doubt given Parliament’s involvement in November. It is no surprise, then, that many businesses have chosen to take a ‘business as usual’ approach to the Christmas sales season.
Our poll also uncovered that:
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