Commenting on today's new Gross Domestic Product (GDP) figures showing that the UK's economy has shrunk for two consecutive quarters, the Federation of Small Businesses' (FSB) Scottish Policy Convener, Andy Willox OBE, said:
"Statistics showing a fifth of a percentage point contraction in the UK economy will have no direct effect on the bottom line of the busy Inverness I.T. company or the Motherwell manufacturer. However, today's figures will do nothing to boost future business and consumer confidence.
"For some time, the FSB has been arguing that every part of every level of government needs to be steadfastly focussed on helping the real economy grow. At the very least, the Government should tackle many of the spiralling overheads – such as the cost of fuel and finance - that are damaging many small businesses' plans for growth."
• The FSB is the UK's leading business organisation with around 200,000 members UK-wide, 20,000 of whom are in Scotland. It exists to protect and promote the interests of Real-Life Entrepreneurs who run their own business. More information is available at www.fsb.org.uk/scotland
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