Open Letter: Chancellor Urged to Back SMEs in Autumn Statement
By Douglas Grant, Group CEO of Manx Financial Group
Dear Chancellor Reeves, as you prepare for your Autumn Budget Statement on 26th November, we urge you to place the vitality of Britain’s small and medium-sized enterprises (SMEs) at the heart of your economic agenda.
Recent research paints a sobering picture:
- nearly a third (30%) of UK SMEs have had to pause or halt parts of their business due to funding shortages.
- one in ten, despite seeking funds, could not access external finance.
Growth expectations have climbed sharply over the past year, from 25% to 38%, and SMEs maintain that, with adequate support, they could expand by up to 13% in the next 12 months.
We urge you to place the vitality of Britain’s small and medium-sized enterprises (SMEs) at the heart of your economic agenda.
Author's summary: SMEs need support to expand.
More News
- Mateusz Gamrot Releases His First Statement Following His Loss To Charles Oliveira
- Tottenham eye move to sign River Plate’s Lautaro Rivero
- CBS Staffers 'Won't Be Punished' for Not Responding to Bari Weiss
- Electric Island Expands with Five Shows and a Massive Lineup
- Hamas Battling Different Clans for Control in Gaza: Who Are These Groups?
- The Ghost of Yotei map is a great tool, but choosing to not use it expands the world.
- Supreme Court seems poised to diminish the Voting Rights Act. What it could mean.
- Government completes assessment of Sydney-Newcastle high-speed rail business case
- Who knew that the public would end up supporting striking teachers? Not Danielle Smith and the UCP! - Alberta Politics