Britain’s small firms have been buoyed by talk of an emerging economic recovery and are increasingly confident as they enter 2014, according to the Federation of Small Businesses.
A confidence index in the FSB’s Voice of Small Business report for the fourth quarter hit +21.6, up sharply on the year from -5.6 in Q4 2012.
The report also found that small businesses are finding it easier to get hold of credit, plan to hire more staff and invest, have lower levels of spare capacity and expect to grow in the coming year.
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