Four in 10 SMEs say Brexit would have negative impact

A third said Ireland should consider following Britain if it left EU, says Big Red Cloud survey

British prime minister David Cameron (left) and Boris Johnson: against and for leaving the EU. Photograph: Stefan Rousseau/PA Wire

More than 40 per cent of Irish small and medium-sized businesses have said a UK exit from the European Union would have a negative impact on their businesses, according to a new survey.

Eleven per cent of the surveyed businesses said Brexit might have a positive impact, according to the poll by accountancy software provider Big Red Cloud.

The remaining 46 per cent believed it would have no impact on their businesses.

Eighty-six per cent of respondents said they had a clear understanding on what Brexit was and two-thirds felt they had a "good understanding" of the possible implications for Ireland.

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About a third said Ireland should consider following Britain if it left the EU.