August 25, 2016 03:00 ET

No Slowdown for UK SME Sector After Brexit

LONDON, UNITED KINGDOM--(Marketwired - Aug. 25, 2016) - The good news for the UK economy from the SME sector is that Brexit appears to have had little or no affect on start-ups. SME growth and start-ups have both proven to be "exceptionally resilient" in the wake of the EU referendum according to Max Wallace Managing Director of UK Business Directory

Data collected from SME businesses using the Free Business Advertising website suggests confidence is up and entrepreneurs are still finding ways to beat margins created by the slump in the pound or take advantage of new markets with lower priced products, Max Wallace explains: "The fall of 10-15% of UK Sterling was of course worrying but we under estimate the ability for our entrepreneurs to adapt in this changing environment."

He added: "Leaving the EU was never going to be easy and I'm sure there's still some nerves out there, that being said our SME sector is proving to be exceptionally resilient."

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