Quarterly survey of small business in Britain 2008 Q1

Quarterly survey of small business in Britain 2008 Q1
Document type
Survey
Corporate author(s)
Open University Business School. Small Business Research Team
Publisher
Open University Business School
Date of publication
1 May 2008
Series
Quarterly Survey of Small Business in Britain. Vol. 24; Number 1
Subject(s)
Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
Collection
Business and management
Material type
Reports

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This survey of small businesses conducted in March and April 2008 reveals that after the impact of the credit-crunch in the previous survey, small firms' sales performance has stabilised, but expectations have continued to weaken, to a six-year low. Retailing is the most negative sector. The economy has just displaced regulations as the top small business problem and inflation has risen as a problem. A clear majority of owner-managers believe that the burden of regulations has increased over the past year. They do not think the government understands small business well enough to regulate. However, they do feel that improved consultation, plus fewer and less frequent regulation changes, would help. 

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