SME confidence shaky against backdrop of economic uncertainty

Expectations that the economy will improve over the next 12 months are substantially down from previous highs in the last quarter , a study shows.

Confidence fell 11 points in the SMith & Williamson Enterprise index as respondents reacted to ongoing global instability and two successive statements from George Osborne which were ‘less than friendly to SMEs’.

Guy Rigby, head of entrepreneurial services at the firm says that optimism among respondents for their own prospects over the next 23 months declined 8 points to 74 per cent and there is little support for an interest rate rise.

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