2011 More Challenging for SMEs, say Business Groups

The next 12 months are likely to be even more challenging for small firms than 2010, business groups have warned in their New Year messages. The main business groups have also called on the Government to help small firms grow so they can lead the UK’s economic recovery. Forum of Private Business chief executive, Phil Orford, said trading conditions will remain tough in 2011 due to reduced public spending, rising costs and increased late payments. “In 2010 Britain crept out of the recession, but many small businesses will find the year ahead even more challenging as they try to grow, creating the jobs lost in the public sector and driving economic recovery.” “Removing the barriers to growth created by tax and red tape must be a cornerstone of emerging enterprise policies. ... »