March 1 2016.

Some 60 per cent of small and medium-sized enterprise (SME) owners would vote to stay in the European Union with only 17 per cent supporting a ‘Brexit’, a study finds.

Accountancy firm Moore Stephens says SME owners worry that an erosion of the UK’s position within Europe could harm growth opportunities as the cost and complexity of trade increases for UK goods and services.

Mark Lamb, partner at Moore Stephens says that owner-managed businesses are concerned that future growth will be disproportionally hit by a UK exit as they would no longer compete on a level playing field in the EU.

'Economic and political uncertainty is already impacting trade for some SMEs, and there is a fear that leaving the EU could severely destabilise business growth in the long-run,' he adds.

The pound is already under pressure following London Mayor Boris Johnson and...

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