Quarterly growth figures good news for small businesses

FOLLOWING the release of today’s GDP figures showing growth of 0.8 per cent in the first quarter of 2014, the news has been welcomed by the Regional Chairman of the Federation or Small Businesses.

Chair Thames Valley Federation of Small Business, David Knowles Leak

David Knowles Leak, Thames Valley Regional Chairman for the FSB said: “This is further encouraging news, and matches the picture reported in our quarterly confidence index where we have seen eight year-on-year quarters of growth and rising confidence. Encouragingly, our research now shows small business confidence across all sectors and regions, mirroring the underlying drivers of recent GDP figures. We expect this positive sentiment to continue throughout the rest of 2014, with our indicators showing increased investment intentions and further job creation. We also know four out of five jobs in the past three years have been created by small businesses. These results therefore point to continued private sector expansion throughout the year.”