After a shock election result, attentions have turned to Brexit negotiations as the conservative party have been unable to maintain their majority. The concern for small businesses may be policy delays or decision paralysis, with no one party having a unified solid majority.
The idea of a “soft Brexit” has helped the pound stabilize, after a 2% drop following the exit polls. Although a weaker pound can be beneficial for businesses exporting goods, this needs to be balanced with the impact on companies importing. A “hard Brexit” certainly looks like it will soften over the following weeks