Furthermore, the FSB said that
small business confidence in both London and Scotland remained in «negative territory», putting it out of kilter with the rest of the U.K.
A gauge of
U.S. small business confidence rose to a 12 - year high in December as optimism about the economy intensified among business owners following the November election, the National Federation of Independent Business said on Tuesday.
A targeted VAT cut and a National Insurance Contributions (NICs) holiday must be introduced for small firms
as small business confidence fell to -9.3 due to the pressure of weak demand and rising costs, according to the Federation of Small Businesses (FSB) «Voice of Small Business» Index.
Acknowledging that
small business confidence had bounced back to levels seen before the U.K. decided to leave the European Union, small firms were still seeing their growth prospects falling, the FSB said Monday.
Capital spending did pick up last year and
small business confidence is at its highest levels since the Reagan era, but that optimism has to continue to fuel investment.
Small business confidence is holding steady at one of the highest levels recorded in the last seven years.