View more on these topics

Investment plans at UK small firms hit two-year low

Investment into the UK economy from small businesses has hit a two-year low as they struggle to hire talent and raise productivity, figures have revealed.

Research from the Federation of Small Businesses found 72 per cent of small firms will not increase their capital investment over the coming quarter.

More than a third (35 per cent) of small firms are also finding it difficult to recruit skilled staff to boost these prospects.

The FSB national chair Mike Cherry says Brexit delays are fuelling the problems and Conservative leader hopefuls Boris Johnson and Jeremy Hunt should map out a better path to encourage investment.

He says: “We urgently need to see both prime ministerial candidates spell out their plans for supporting small firms and securing a pro-business Brexit – one that encompasses a comprehensive deal and a substantial transition period.

Brexit’s monetary impact on finance firms hits £4bn

“Fast and loose talk about accepting a chaotic no-deal Brexit in four months’ time is not helpful. It’s impossible for small business owners to invest for the future if they don’t know what the future holds.”

Ongoing political uncertainty is leaving small businesses unable to innovate and reach their goals, he adds.

The FSB also found only 14 per cent of small firms are currently applying for new credit, while 43 per cent describe new credit as “unaffordable.”

Recommended

Multi asset monthly views video

Trevor Greetham, Head of Multi Asset, shares his latest update on the positioning of our Global Multi Asset Portfolios (GMAPs), as we fast approach the longest business cycle expansion in US history. At this late stage of the cycle, Trevor sees a fairly balanced picture, highlighting both positives and negatives. Watch the video Past performance […]

Twitter-Social-Media-Keyboard-700.jpg

Stumped by social media?

By Scott Mill, Digital Marketing Consultant In an age of seemingly endless distractions, getting the attention of your audience can seem daunting. The challenges faced are already being addressed by other industries and it occurred to me that we could learn a few things from the game of cricket. Play the short game Test cricket […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com