LONDON, July 19, 2016 /PRNewswire/ --
It's just under one month since the decision by the UK
electorate to exit the EU. What has happened in that time?
Politically there have been seismic repercussions; a new Prime
Minister (and therefore leader of the Conservatives) and the Labour
Party is experiencing its own leadership turmoil.
Economically, have the same issues been felt? While the
financial sector has been hit hard, some areas have reported no
real impact at this time. The FTSE 100 is now higher than it was on
24th June 2016 when
markets opened immediately after the Brexit was confirmed, currency
is rallying and the gloom is not as widely felt as one might have
feared. However, Topple.com believes that SMEs are savvy enough not
to take this for granted and that they are likely to exercise
prudence until the end of 2017 (at the earliest).
Toople.com predicts the following trends short-, medium-, and
long-term for SMEs across the UK:
- Wages and recruitment. Wages will be held under control, whilst
proactive recruitment might be halted, it is very much business as
usual.
- Technology. SMEs will be looking for value for money in all
technological and connectivity matters. They are likely to be less
loyal to big brands; value will be the order of the day. This gives
Toople.com a great opportunity to introduce its FREE BUSINESS
BROADBAND and its soon-to-be-launched business mobile
offering.
- Regulation. With Theresa May now
installed at No.10 and Philip
Hammond taking up the post of Chancellor of the Exchequer,
SMEs will be keen to see whether regulation changes and incentives
will be offered to the entrepreneurs of the UK.
- Bank of England. A further cut
in interest rates could inspire confidence but Toople.com wonders,
how low can it really go? In the short-term though, this might help
SMEs with their cash flow, transactions and encourage a "business
as usual" attitude. If it were needed at all.
- Customer loyalty. The value of existing relationships will
sharply come into focus - even more than before -we could see a new
model of business development.
What of the SMEs that export?
With 28% of UK based SMEs exporting, Topple.com naturally expects
some pessimism and maybe a little over reaction. In reality however
it's too early to understand the total effect; this might not be
defined until 2026. The SME business owners Toople.com has spoken
to confirmed that they are awaiting the fallout of discussions
regarding trading abroad to see whether it will directly impact
negatively their relationship with their clients in foreign
markets.
Daniel Clement, head of sales at
Toople.com commented: "Where there are challenges - as there are
now - it can also throw up fantastic new opportunities. Only
serving SME sized businesses, Toople.com could nervously look over
our shoulders but we need to be brave; demonstrate resilience
balanced with a proven ability to deliver. We are looking forward
to working with likeminded growing businesses; we can offer
assurance regarding costs so business owners know exactly where
they are financially; our free business broadband will certainly
help here."
Note to editors:
Toople.com is a new service for UK SMEs. We believe in the
potential of every SME and want them to have the tools and service
behind them to reach their full ability. Our package will
offer the most resilient Brilliant Business Broadband services to
every single business across the UK.
With a leadership team featuring over 100 years of broadband and
telephony experience, Toople.com are perfectly placed to deliver
the services that ensure businesses grow. Combine that with
our unbeatable deals, and you can see why we are shaking up the
industry.
With believe in aspirational businesses, therefore, our service
is shaped around them. Clear pricing and applying as little
industry jargon as possible ensures business owners and purchasers
of our services can concentrate on their business's success. At
Toople.com, we pride ourselves on making a difference. Toople -
changing the perception of telecoms one connection at a time.
About Toople
Toople.com is part of Toople PLC and is listed on the London
Stock Exchange under the TIDM "TOOP"
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