Small firms lag behind on Brexit

SMALL firms are the least prepared in Scotland for Brexit, a report says.

Companies with more than 250 employees appear more prepared by engaging with academic reports and the business community.

The results come from a survey by consultancy Momentous Change, set up by former SNP MPs Michelle Thomson and Roger Mullin.

Of more than 160 business leaders, only 23 per cent had engaged with academics and 31 per cent with business groups.

Only nine per cent of respondents said they had consulted with their banks regarding Brexit but all had questions for both the UK and Scottish Governments.