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Small businesses in the UK believe they would be forced to raise their prices for local services in the event of a Brexit, according to new research.

Nearly a third (30%) felt like they would have to put up prices, with 81% of those saying prices would probably go up by around 10%. Eight per cent said they would have to put prices up by around 50%.

The survey, conducted by professional services marketplace Bidvine.com, found that just 28% of respondents think Britain should leave the EU.

More than half of (56%) said they don’t think they’d be able to win any more business if the UK voted to leave the EU.

Sohrab Jahanbani, CEO of Bidvine, said: “There are 4.61 million self-employed within the UK according to the most recent ONS statistics, and of course, millions of small business owners. These groups form the backbone of the British economy, many providing necessary local services.”

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