The FSB is calling on the coalition and the banks to give small businesses a bit of breathing space so that they can stay afloat over the festive season.
Although many people in the UK say they are worried about the state of their own finances, 67% of them have not made any changes to their saving habits since the recession started two years ago.
Contractors will no doubt be pleased to learn that the job market is improving and there has been an increase in the number of vacancies being advertised.
On Monday, George Osborne and Vince Cable announced a fundamental review of the steps all areas of Government are taking to promote the best conditions to encourage growth in the private sector.
The National Institute of Economic and Social Research think tank predicts that the UK’s economy will increase by 1.3% this year. In 2011, GDP will grow by 1.7% followed by an increase of 2.2% in 2012.
New data collected by a recruitment financer has revealed that the most deleterious effects of the global economic downturn are still to come for small and medium sized businesses.