Brexit has not, so far, been good for business – especially small businesses.

In the two and a half years that have followed the UK’s vote to the leave the EU, the average small business has shed 8 per cent of its market value as the biggest have lost just 2 per cent.

With small businesses contributing £2trn to the UK economy every year, this is a big concern, and not one the government is blind to.

Since 2016 the Treasury has pledged to spend £1 in every £3 of funding on small businesses by 2022, while in his recent budget Chancellor Philip Hammond announced an overhaul of business rates – an (arguably) outdated tax system many blame for helping to kill-off the UK high street.

 

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