"Wednesday's silence on specific SME support is hugely disappointing. With 44% having delayed investment decisions until after the Budget, the absence of meaningful and targeted measures today will further hold back capital expenditure."
"This Budget offered little to ease the pressures SMEs are facing day in, day out. Inflation and rising operating costs remain the most pressing challenge for two-thirds of SMEs, and without intervention to ease this burden, the Government risks stalling their ability to invest in jobs, innovation, and growth."
"SMEs are the beating heart of the UK economy, and today they needed a signal of confidence. Instead, while this Budget stopped short of harming SMEs, it also stopped short of helping them. For a Government that promised to champion small business growth in its Plan for Change, this is a missed opportunity."
The Autumn Budget provided no targeted support for small and medium enterprises, leaving many businesses disappointed and hesitant to invest. Forty-four percent of SMEs delayed investment decisions until after the Budget, and absence of meaningful measures will further hold back capital expenditure. Inflation and rising operating costs remain the most pressing challenges for two-thirds of SMEs, and without government intervention those burdens could stall investment in jobs, innovation, and growth. SMEs remain central to the UK economy and needed a clear signal of confidence; the Budget stopped short of both harming and helping them, representing a missed opportunity.
Read at London Business News | Londonlovesbusiness.com
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