Ideal Business Consultants

UK small business confidence has increased since the end of 2010, new research suggests.

According to the Federation of Small Businesses (FSB), confidence among small businesses has made a complete turnaround in 2011. The FSB’s ‘Voice of Small Business’ index measured +6.7 for Q.1. After falling every quarter of 2010, this is the first increase recorded for a while.

On the other hand, it has also been established that a balance of -6.5% of liability insurance holders had made staff redundant in the first quarter. Despite having to make a number of tough decisions, small businesses in the UK feel positive about the future ahead. Only -1.7% claimed they would be reducing headcount.

The FSB has called on the Government to give small businesses a surge of support by extending the National Insurance Contributions (NICs) holiday.

John Walker, National Chairman of the FSB said that while questions still remain about the strength of recovery the overall picture suggests that liability insurance holders are bouncing back from a harsh winter.

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