Skip to main content

Economic bounce-back – How the Government can support businesses entering the new world

Our report details what measures small and medium-sized businesses (SMEs) would like to see from the Government to kick-start the UK economy.

The Chancellor, Rishi Sunak, will be giving a Statement on Wednesday 8 July to outline the Government’s plans for economic recovery.

With lockdown measures easing, businesses reopening, and emergency funding schemes winding-down, the Government must now turn its attention to driving a strong and quick economic bounce-back. We believe that this can only be achieved by supporting private businesses, which lie at the heart of the UK’s economic activity.

Having surveyed over 120 private companies between 24 June and 3 July 2020, we have produced a report outlining what businesses themselves believe the Government should prioritise to kick-start the UK economy.

You can find the report here.

50.82%

of businesses believe that ‘considerable loss of sales due to damaged customer confidence’ is the greatest threat to the survival of their business over the next 12-24 months.

66.39%

of businesses believe reducing VAT would encourage household spending again.

Blick Rothenberg’s July 2020 Government Business Policy Survey

The measures SMEs would like to see from the Government to kick-start the UK economy.

Expert commentary

Insights

22 March 2021

Budget 2021: The impact on SMEs and the owner-managed business

Encouraging recovery, investment, and growth, the Budget announcement two weeks ago gave many reasons for business owners to be optimistic.

11 March 2021

Retail sector still faces cliff edge

The business support measures announced in the Budget should be in place for much longer or many companies could still fail, says Daniel Burke.

04 March 2021

Welsh Stamp Duty holiday extended

1 July will become the Welsh Stamp Duty cliff edge as it follows Westminster and extends the Stamp Duty holiday, says Sean Randall.