Finance a key concern for UK SMEs ahead of election
SME's want interest cuts from the Bank of England to be passed on in full
Small businesses say they want more financial support from the government
According to a new YouGov report commissioned by Intuit, Small Business Britain today faces a number of business challenges that offer both real opportunities and real threats to the success of its members. The survey highlighted the opinions of 1,000 small business owners throughout the UK, with finance a key issue among respondents.
45% of all respondents feel that banks need to offer better rates for small businesses while 35% of small business owners want interest cuts from the Bank of England to be passed on in full.
Numerous other problems are of concern to small businesses: results show that from cash flow to late payments, from supporting employees to specific tax policies, small business owners are in agreement over the support they need to prosper in 2010.
‘The run up to the UK general election is a critical time for the future of UK small businesses,’ says Pernille Bruun-Jensen, Managing Director of Global Small Business at Intuit. ‘Now more than ever, small business owners need the support of their Government, their banks and their peers if they are to successfully take advantage of the economic recovery. The Small Business Britain campaign gives these businesses a voice and a channel through which to share experiences and build success together.’
The Small Business Britain campaign is designed to help small businesses find real solutions to the challenges they face, backed by Intuit’s experience in supporting small business customers.
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SME's want interest cuts from the Bank of England to be passed on in full
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