In the second quarter, 27% of small businesses expect to shrink, close, or sell, exceeding 25% who predict growth. This marks a historic shift in sentiment in the Small Business Index (SBI) from the Federation of Small Businesses (FSB). In the first quarter, 48% of small businesses anticipated growth, while only 18% predicted contraction. Confidence levels have fallen to -44 points from -41, likely due to increased employer National Insurance contributions, rises in the National Living Wage, and concerns over a new Employment Rights Bill. Over 42% foresee revenue declines in the coming months.
27% of small businesses expect to shrink, close, or sell in the next 12 months, surpassing 25% who anticipate growth, marking a historic shift in sentiment.
The survey shows a worrying trend, with 42% of small business owners anticipating revenue declines, highlighting deteriorating confidence and economic stability concerns.
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