New challenges for small firms

Posted on 26 May 2015
Share Blog Post
New challenges for small firmsSarah Bridge in the Mail on Sunday says small firms that have made it through the lockdown face new challenges as support schemes wind down, adding that local lockdowns and uncertainty over Brexit mean many smaller businesses “feel they must dig deep to ensure they survive”. Tej Parikh, chief economist at the Institute of Directors, says now is a “crucial” time for small firms, noting that while support schemes are being lifted, consumer demand isn't back to previous levels. “As a result, there's great uncertainty over making key decisions such as launching new products or committing to new investment,” he adds. Emma Jones, founder of small business network Enterprise Nation, points to optimism among SMEs, however, saying: “Businesses have gone through so much uncertainty in recent years – for example, the General Election, Brexit and coronavirus. Many feel that if they have survived all these events, they can survive anything.” She believes that a lot of small firms “have come out of lockdown stronger than when they went in.”

View more blog posts

NIC hammer blow
Posted on 23 Jun 2025
NIC hammer blow
read more
Youth mobility scheme
Posted on 21 May 2025
Youth mobility scheme
read more
Businesses unaware of MTD
Posted on 14 May 2025
Businesses unaware of MTD
read more
Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Back To Top
01604 660661