Six Weeks Before The General Election 80% Of Small Businesses Are Optimistic About The Future

A new report has revealed that entrepreneur confidence is at its highest level since mid-2013

Six Weeks Before The General Election 80% Of Small Businesses Are Optimistic About The Future

With the UK entering election season, small business optimism is at a four-year high – according to a report by Smith & Williamson.

The survey of over 200 business leaders revealed that 85% are earmarking the second half of 2017 as a time for growth – with 80% optimistic about the future of their business in the next 12 months.

Despite political and economic uncertainty in recent times, the findings represent entrepreneur confidence is at its highest level since mid-2013 – and 30% higher than the end of 2016.

Guy Rigby, head of entrepreneurial services at Smith & Williamson, said:

“There is no doubt that small businesses continue to have gripes about the government policy. However, the prime minister seems to have caught them in a buoyant mood. It’s possible that, by triggering Article 50, entrepreneurs at least feel some progress is being made.

“In addition, the high-profile climb-down on self-employed National Insurance Contributions (NICs) appears to be evidence of a government that is listening.

“Notwithstanding this, there has been a growing mistrust in the government due to a credibility gap between what the government is saying and what it is actually doing.

“Within the past few months they have delivered an industrial strategy green paper, a scale-up champion and a scale-up taskforce but this has yet to deliver meaningful change. However, at the same time, the government has slashed the tax-free dividend allowance by 60%, causing problems for many.”

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