The number of smaller firms exporting goods has fallen over the past year, a report shows.
A survey of over 1,000 small and medium-sized businesses (SMEs) found that only 30% exported in the three months to June, down from just over half a year ago.
Nearly half of those polled by international payments firm World First said they expect to see export volumes stall or even decline, one year on since the UK voted to leave the European Union.
A third of SMEs said they expect to see no business growth at all in 2017.
The gloomy forecast highlights the impact of the uncertain political climate on SME exports and is another indication that the UK’s economy is set to slow, said the report.
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