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Confidence has grown amongst contractors

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A recent survey carried out by the Federation of Small Businesses (FSB) has revealed that many contractors, freelancers and small business in UK, have gained more confidence in their work.

The FSB, which is a non-profit making organisation that works by promoting and protecting the interests of the self-employed in the UK, surveyed 3,000 of their members.  Out of those polled, more than half were showing more confidence for the first time in 12 months, many were even aiming to expand in the next 12 months.

The ‘Voice of Small Business Index’ found that a third of firms surveyed were looking to increase capital investment plans, compared to business confidence being at a record low at the end of last year.

It seems that contracting has never been so popular, with business confidence finally growing and the fact that it was recently found that more workers are actually seeking the freelancing route, rather than being forced into the lifestyle due to the economic downturn creating redundancies.

John Walker, National Chairman, Federation of Small Businesses, said, “It is a testament to the hard work and determination of the UK’s small businesses that, in the face of rising costs and falling demand, they are still more confident about the year ahead and are looking to expand.

“The Government must bolster this confidence by doing everything in its power to remove the barriers to growth which our members have highlighted.  That means taking action against rising energy and regulatory costs.  It means looking at the proposals the FSB has put forward to give small businesses realistic alternatives to bank finance.”

Please visit our Contractor News page for all other news. To discuss this story further visit our SJD Accountancy Blog.

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