British businesses must lift their horizons to take advantage of Brexit as 90pc of world growth is forecast to come from outside the European Union over the next decade, think tank Capital Economics has said.
Companies that export grow faster than those that do not, and those that focus on markets outside the EU outpace those exporting mainly within it, a YouGov study commissioned by Capital Economics found.
The survey of more than 1,000 small and medium-sized enterprises (SMEs) revealed that those with only domestic customers grew by an annual average of 8.4pc over the past five years. This was far outstripped by exporters.
Businesses that drew more than a quarter of their revenue from non-EU…