Job cuts for small businesses

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Small businesses cut jobs as furlough scheme winds down A report by the FSB shows that, despite the Government’s furlough scheme, 23% of small UK businesses have cut jobs in the last quarter. The FSB also found that more than one in five respondents said they expected their performance to be "much worse" over the coming quarter, while about one in eight predicted improvements. FSB chairman Mike Cherry said: "The majority of small business owners have benefited from the Government's emergency support measures but many have not. We need to see the Treasury outline how it intends to support those who have been left out." Separately, the Telegraph reports that MakeUK, the manufacturers trade body, has found 46% of British manufacturers are planning to rely more on UK suppliers in future, which may help to offset the loss of jobs currently underway.

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