Federation of Small Businesses (FSB)

UK Small Business Optimism at Lowest Level in Three Years

UK Small Business Optimism at Lowest Level in Three Years

UK small business confidence for January to March 2016 is at its lowest level since 2013, according to a report by the Federation of Small Businesses (FSB). A survey of small business owners, the report argued that the introduction of the national living wage (NLW), pensions auto-enrolment, and plans to introduce mandatory quarterly digital tax reporting, were contributing to the negative outlook. The uncertainty of the global economy and the UK’s position within the EU were also suggested as possible factors in the drop off in business optimism. Scottish and Northern Irish business owners were found to be the least confident in the UK, with the fall most noticeable in London and the East of England. In Wednesday’s Budget, George Osborne unveiled a number of tax breaks for small businesses... »

Coalition must “Save Love” for SMEs

An influential committee of small business experts calls today for quick action to establish a recovery plan for the country’s 4.8m Small and Medium Sized Enterprises (SMEs). ACCA’s (the Association of Chartered Certified Accountants) SME Committee is an independent forum of entrepreneurs, accounting practitioners, academic researchers, bankers and finance experts. Its membership includes the British Chambers of Commerce (BCC), the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB), the Forum of Private Business (FPB), the Institute of Directors (IoD) and the European Association of Craft, Small and Medium-sized Enterprises (UEAPME). ACCA which provides secretarial support to the Committee, believes it to be the widest and most important non-gover... »