Although the majority of SMEs in the UK have faith in exports leading the economic recovery, nearly 25% say they are going to decrease their international trading activity.
Lord Oakeshott, the former Liberal Democrat Treasury spokesman has accused the UK banks of hindering the economic recovery by refusing finance to small enterprises and charging extravagant rates when they do.
As budget day looms ever closer, various organisations have been urging the government to create an environment that supports entrepreneurs, small businesses and umbrella company contractors.
The government needs to concentrate on prioritising economic stability in this month’s budget, according to the Federation of Small Businesses. A call that is also likely to be endorsed by umbrella company contractors.