SMEs NEED TO START GETTING SMARTER ABOUT INTERNATIONAL PAYMENTS
January 12 2016.



The last time the Fed raised U.S. interest rates was nine years ago. It’s been a long wait, but as the dollar strengthens against the pound, U.S. demand for British goods and services will likely increase.


This will bring some much-needed cheer to UK SMEs who are already looking beyond their borders for growth opportunities and eager to export more.

In fact, UK SMEs are some of the most internationalised in the world. According to figures from the latest ONS Annual Business Survey, 15.2% of all UK businesses (310,800 companies) in the non-financial business economy engaged in international trade in 2014, and the number is growing year-on-year.

While this percentage is around the same for small firms (fewer than 49 employees), for medium-sized firms (50-249 employees) it is far higher at 42%.

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