News | Legal News

04 July 2016

Small business confidence ‘at four-year low’

The Government is being urged to support small businesses, following new research indicating confidence was at a four-year low even before the UK decided to leave the European Union.

The Federation of Small Businesses (FSB) surveyed over 1,000 members during April and May.

Confidence among them was at its lowest level since 2012 and many were planning to shed jobs, the FSB says.

The proportion of firms indicating they planned to invest over the next 12 months, meanwhile, was down from nearly a third compared to the same time in 2015.

FSB chairman Mike Cherry says he believes the economy now faces a "real chance of a recession" for the first time since 2009.

To avert that, he adds, small businesses need to be given help to expand and create, rather than cut, jobs.

Although a decision has now been taken on the UK's membership of the EU, Mr Cherry says "many questions" remain unanswered.

Until they are resolved, he says action is required to support small firms and the economy as a whole.

Simon Deans

Simon Deans

Tel: 01753 279022

Stay in touch

Phone: +44 (0) 1753 889995


About cookies on our website

Our Site uses cookies to improve your experience of certain areas of the Site and to allow the use of specific functionality, such as social media page sharing. You may delete and block all cookies from this Site, but as a result, parts of the Site may not work as intended.

To find out more about our cookies policy, please visit here.

Click on the button below to accept the use of cookies on this Site (this will prevent the dialogue box from appearing on future visits).