Confidence among small firms tumbles, but exporters show optimism

Cornelia Mascio
Settembre 20, 2017

In a quarterly survey of its members Wednesday, the Federation of Small Businesses found that optimism among its members has tumbled to its lowest since the immediate aftermath of last year's vote to leave the European Union. "In such a hard trading environment, any new tax grabs or loss of reliefs for entrepreneurs would exacerbate existing challenges", said Mike Cherry, FSB national chairman.

About 63 per cent identified the domestic economy, and 35 per cent weak consumer demand, as barriers to growth between July and September.

According to the organization, 22 percent of small businesses export.

It also found 70% of firms reporting a rise in operating costs compared to the same period past year. "Rent and taxation are frequently mentioned as causes of increased cost, we need to see more support in this space" said Mike Cherry, FSB National Chairman.

There was some good news. British exporters - who stand to benefit from a drop in the pound - remain optimistic about their prospects.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE