• Two-thirds say British government not doing enough to support SMEs, and export-led recovery is not working
• Concerns over future of the euro also revealed; half of SMEs believe one or more countries will leave eurozone
April 2012: The future of both the pound and the euro are in question according to new research of UK small businesses. The research , carried out by currency specialist Moneycorp, reveals that a third (33%) of SMEs think that the British pound will be replaced in the next 20 years.
Despite the government’s hopes for an export-led recovery based on a weak pound, more than two-thirds (68%) of small business owners claim that they have not seen a rise in export sales from a weakened Sterling. A further two-thirds (66%) do not believe that the British government is doing enough to support SMEs and a quarter (26%) of those surveyed do not think the pound will strengthen.
Almost half (41%) of the small business...