Referendum

UK Small Business Confidence Falls to Three Year Low

UK Small Business Confidence Falls to Three Year Low

Confidence amongst UK small enterprises is at a three-year low, according to BDO’s Business Trends survey. The report – which predicts growth six months ahead – found that confidence levels have declined to 100.0, the tipping point below which small businesses can expect their output growth to drop under the long-term trend rate. The survey claimed that global economic fears and the upcoming EU referendum are further fuelling uncertainty and causing business confidence to dip. The report comes just days after a similar report found that UK small business confidence has plummeted. Peter Hemington, partner, BDO LLP, said: “Global headwinds are finally hitting business confidence and the added uncertainty of EU referendum just round the corner is fuelling concerns.” »

As Referendum Nears Scottish Small Business’ Confidence Drops

Two thirds of Scotland’s small firms concerned about Yes Vote impact while UK businesses remain unfazed New research reveals that as British small business confidence has increased dramatically, Scotland’s has declined in the last three months – with Scottish firms worried that independence could have negative ramifications for business. The research, conducted by the Federation of Small Businesses (FSB) and the University of Edinburgh, consisted of nearly 1,800 Scottish small businesses, of which 67% felt that a break from Britain would influence the daily running of their company – with one-in-five stating that it had already altered business decisions this year. British small and mid-sized firms remain unconcerned about the impact of a possible ‘Yes Vote,’ with research from executive c... »