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FSB says more small businesses looking to recruit in 2014

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The UK’s small firms are showing increasing optimism for 2014 as businesses remain positive about the economic outlook. Latest research suggests small firms want to grow their business and find access to finance a little easier, according to the Federation of Small Businesses’ (FSB) Small Business Index.

For the fourth consecutive quarter, the Small Business Index measure of confidence among small firms has grown year-on-year, up 27.2 points from -5.6 in Q4 2012 to +21.6 in Q4 2013. Encouragingly, this optimism is also replicated in every region of the UK and in each business sector.

This increased confidence means more small firms are planning to invest in and explore the global trade market. New data shows businesses expect to see rapid or moderate expansion in the next 12 months. Alongside this, one in 10 businesses report running above capacity while a third are running at full capacity – both the highest figures since the Small Business Index began in 2010.

SOURCE: hrreview.co.uk

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