Busi­nesses pre­par­ing for a tough year ahead

Paisley Daily Express - - Front Page -

Pais­ley busi­nesses ex­pect a tougher year ahead in boost­ing ex­ports, a re­port re­veals.

Even though eco­nomic growth con­tin­ued in the fi­nal months of 2018, only one in five firms are ex­pect­ing to in­creases sales abroad this year - with Brexit hit­ting busi­ness con­fi­dence.

The lat­est Scot­tish Busi­ness Mon­i­tor from St rath­clyde Univer­sity’s Fraser of Al­lan­der In­sti­tute, in­di­cates the to­tal vol­ume of busi­ness rose for 35 per cent of firms sur­veyed.

How­ever, the re­port also found the out­look for ex­port ac­tiv­ity wors­ened with fewer than 20 per cent of firms fore­cast­ing growth.

In­sti­tute di­rec­tor Graeme Roy said: “Scot­tish busi­nesses ap­pear to be re­main­ing rel­a­tively re­silient to the on­go­ing po­lit­i­cal uncer­tainty.

“But they will be await­ing next week’s Brexit vote with trep­i­da­tion.

“Through no fault of their own, many Scot­tish firms are sim­ply un­pre­pared for a dis­or­derly Brexit.

“Whether you agree or dis­agree with the de­ci­sion to leave the EU, a smooth tran­si­tion is vi­tal.

“The po­ten­tial dis­rup­tion to trade pat­terns, sup­ply chains and ba­sic eco­nomic in­fra­struc­ture mean that a ‘no deal’ out­come must be avoided.”

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