LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

UK small business confidence wanes in late 2017 - trade association

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Fri, Jan 05, 2018
05:35 am
Reuters
RELATED NEWS
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21
Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details

A cocktail of higher costs, weak domestic growth and lacklustre consumer demand is dampening optimism among British small businesses, with confidence in Scotland dropping sharply to near a 5-year low at the end of 2017, a survey showed on Friday.

The Federation of Small Business said confidence among its members across Britain fell to a four-year low of -2.5 in the last three months of 2017 from 1.1 points in the third quarter and 20.0 in the first three months of the year.

The decline was especially steep in Scotland, where the index fell to -21.4 points in the fourth quarter from -15.3 points in the third, a low only surpassed in the final quarter of 2016.

The impact of Britain`s decision to leave the EU has been rippling through the economy in 2017 because of higher inflation after a fall in the value of the pound, and uncertainty among businesses about the implications of Brexit.

The FSB surveyed 1,084 members of its members between Nov. 9 and Nov. 25, before Prime Minister Theresa May reached agreement with the EU in December to move on to more detailed trade talks.

"While the swift agreement of a transitional arrangement and an ambitious free trade agreement with the European Union are absolutely critical, it`s spiralling costs, weak growth and flagging consumer demand at home that are front of mind for small firms day to day," FSB chairman Mike Cherry said.

In the UK as a whole, a record one in seven small business owners are planning to downsize, close or sell their business over the coming three months, the survey found.

The FSB said three quarters of firms were experiencing a rise in operating costs versus a year ago.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21
Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details

LATEST NEWS

Modi government PM-KISAN scheme: Ensuring life of dignity, prosperity for farmers and doubling their income

SBI Special Senior Citizen Scheme: GREAT RELIEF! State Bank of India makes retirement merrier for pensioners; check details at sbi.co.in

NTA releases CSIR NET 2020 result, check it on on csirnet.nta.nic.in| Download it in 3 easy steps

Gold Price Today – Price fall continues, yellow metal cheaper by Rs 80; Silver expensive by Rs 495 when markets opened on Thursday

IIM-K placements: 100 per cent placement for IIM-K students! Average package Rs 22.5 lakh per annum

Bharti Airtel, Vodafone Idea, Reliance Jio: Market Share Focus to Delay Tariff Hikes highlights Jefferies

Nureca IPO allotment status: Share subscription finalised! Check linkintime, bse, ipo registrar website - Know listing date

Anil Singhvi recommends selling at these market levels; ample opportunities for entry at lower points

PLI scheme: Tapping India's manufacturing capabilities! Big step from Modi government to woo global players

7th Pay Commission: Big bonanza on Dearness Allowance (DA), Dearness Relief (DR) for Central Government employees, pensioners coming before Holi?

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved