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Report: 7 in 10 small business owners are concerned about their future
['Angharad Carrick']
Money | Mail Online
The majority of small businesses report being concerned about their future, blaming tax rises and financial uncertainty for worsening conditions.
A survey by NFU Mutual found that 7 in 10 sole traders and microbusinesses, which employ fewer than 10 people, say they are concerned about the short-term future of their business.
Almost half of small businesses said their revenue had increased compared to last year, with just 16 per cent saying it had decreased.
#Sole traders and small businesses regularly face a multitude of challenges in their daily operations – but are often the cornerstones of their local areas – so it's important to support them where possible.'
The survey found 65 per cent of small retail businesses had concerns about the short-term future.