Optimism among small UK businesses slumps to eight-year low
- After a year dogged by Brexit deadlock, political uncertainty and slow growth, optimism among small UK firms has slumped to an eight-year low.
- The Federation of Small Businesses’s confidence gauge fell in October-December for the sixth quarter in a row. Managers at firms across the UK reported worries about the domestic economy and pessimism about opportunities overseas.
- Nearly half of the 1,029 firms interviewed, including 66% of retailers, predicted that their performance would worsen in the first three months of 2020.
- Just a quarter expected conditions to improve next year.
Source: Federation of Small Business