Small businesses under threat
An estimated 370,000 business owners are considering shutting up shop within five years because of the burden of red tape and the threat of economic shocks, according to a report compiled by Bizdaq. If these small businesses cease trading it could impact 1.8m UK jobs, the firm said. A separate report from Zurich found two in five small business owners said that their business faces more risk now than compared with 12 months ago, and almost one in 10 have seriously considered closing down the business.
Source: The Daily Telegraph (06/05)