FSB raises concerns over sluggish economic growth 

Small firms are dealing with a series of challenges including adjusting to the new National Living Wage and pensions auto-enrolment, says the organisation

Policymakers need to focus on reducing barriers to enterprise and creating the right environment for small firms to grow, according to the FSB (Federation of Small Businesses), which has raised concerns following yesterday’s announcement that UK GDP grew by just 0.4% in the first quarter of 2016.

Mike Cherry, national chairman at the FSB, said:“It’s concerning to see the slowdown in growth in the first quarter of this year. This sluggish performance in the UK is being compounded by uncertainty over the health of the global economy.

“Recent FSB research found small business confidence at its lowest level since 2013.
“Small firms are dealing with a series of challenges including adjusting to the new National Living Wage and pensions auto-enrolment.
“In this climate, our members are looking to policymakers to focus on reducing barriers to enterprise and creating the right environment for small firms to grow.”
Watch the video of Mike Cherry addressing delegates at this year’s FSB National Conference here: