A survey of 546 UK small businesses revealed that 58% of business owners believe a change in government in 2024 would have a positive impact on their business. The majority of SMEs in Scotland and Greater London are likely to think a change in government would have a positive impact. In 2023, SMEs faced challenges such as soaring inflation and labour shortages and are more likely to have survived than thrived. Technology and software companies are most eager for a change in government, with 74% of firms in this sector saying a change in power would be positive due to a digital skills gap. The findings follow a slim Autumn Statement last November, which led many business leaders to call for increased support for SMEs. A poll by YouGov suggests that the Labour party could be heading for a 120-seat majority. 54% of startup owners believe business incentives will impact their vote this year, potentially influencing Conservative party votes if Chancellor passes a generous Spring budget.
A survey of 546 UK small businesses revealed that 58% of business owners believe a change in government in 2024 would have a positive impact on their business. The majority of SMEs in Scotland and Greater London are likely to think a change in government would have a positive impact. In 2023, SMEs faced challenges such as soaring inflation and labour shortages and are more likely to have survived than thrived. Technology and software companies are most eager for a change in government, with 74% of firms in this sector saying a change in power would be positive due to a digital skills gap. The findings follow a slim Autumn Statement last November, which led many business leaders to call for increased support for SMEs. A poll by YouGov suggests that the Labour party could be heading for a 120-seat majority. 54% of startup owners believe business incentives will impact their vote this year, potentially influencing Conservative party votes if Chancellor passes a generous Spring budget.