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Contractors to benefit from small business confidence

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An increase in confidence amongst the UK’s small businesses could benefit the highly skilled contractors across the country.

The recent figures, from the Federation of Small Businesses, has revealed that during Q3 of 2013 there has been a +33.5 rise in confidence with small and medium-sized businesses, beating the previous high of 18 recorded in the first quarter of 2010 and is double the 15.9 score from the second quarter of 2013.  This could most certainly benefit contractors, with more SMEs also saying that they plan to take on more staff.

A report by Lloyds Banking Group also has found similar results, with 43% of businesses planning to take on more staff over the next year due to increased optimism in the UK economy over the last three months.

According to the FSB’s Small Business Index findings, this confidence has been found across most sectors and UK regions.

John Allan, National Chairman, Federation of Small Businesses, said, “Optimism, growth and confidence can be used to summarise this quarters findings. Following from the Chancellor’s speech on the state of the economy, small firms are clearly helping the economy gain momentum compared to the same point last year. 

“The economy needs to have confident small and big businesses to make sure jobs and wealth are being created for UK-plc. But at the same time, businesses need to have confidence in the economy to take the risk to create jobs and invest. 

“With more firms looking to grow rather than downsize, it’s clear these feelings are returning. Government needs to build on this and the Autumn Statement is the right time to do that.” 

For more information on finding work as a contractor, why not visit our specialist sector, for top tips and advice on finding work in your market. 

Considering making the switch from working as a permanent employee to a contractor? Read our free downloadable guide to moving from permanent to contracting here or alternatively speak to a member of our new enquires team who can guide you through the process. Call 01442 275789 or email newbusiness@sjdaccountancy.com.

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