The Changing World of Work for the Self-Employed and Small Businesses: FSB Submission to the Matthew Taylor Review, highlighting five particular areas of focus for the self-employed and small businesses.
The SBI has recovered to 20, having been in negative territory immediately after the EU referendum.
The Federation of Small Businesses (FSB) reveals today that UK small business confidence in the last quarter bounced back to the level reported before the EU referendum campaign began. FSB’s Small Business Index (SBI) has now moved into positive territory, which means that more small businesses feel confident than those that feel the opposite.
The Federation of Small Businesses (FSB) has found that UK small business confidence has continued to fall, dipping into negative territory for the first time since 2012. Business owners feeling confident are outnumbered by those that feel the opposite. However, FSB found many immediate economic conditions improving, with small firms reporting greater access to finance, a rise in new employment and reduced spare capacity in their businesses.
This report found apprenticeship reform at a make-or-break moment, with small firms critical to achieving the Government’s target of reaching three million new apprentices by 2020. The report clearly demonstrates the potential of small firms to help meet the target, but also presents some major challenges which need to be addressed to achieve it.
The report highlights key characteristics and drivers of small firms that currently export and, crucially, the potential exporters of the future. The focus on potential exporters offers insights into what more could be done to move the dial on growing the number of small firms selling overseas.
The latest Small Business Index (SBI) found small business confidence at a four year low following the largest annual drop in the FSB Small Business Index (SBI) since it started in 2010. The latest SBI, gathered before the EU referendum, found smaller firms planning to cut jobs for a second consecutive quarter. FSB members reported falling profits with increases to the cost of labour and the overall tax burden listed as major contributors to a rise in the cost of doing business.
This paper looks at how small firms are unfairly carrying the cost of cyber crime in an increasingly vulnerable digital economy. It also makes recommendations for a range of policy measures designed to address these issues.