VOL. NO: 52      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Businesses fear UK economy will suffer in 2007

THE Federation of Small Businesses is anticipating struggles ahead for many of its members in 2007 unless several high-profile public figures use their power and influence to safeguard the future of Britain’s small businesses.

With small firms playing the key role in the UK economy, the FSB has drafted New Year’s Resolutions for these people in the hope that their action will prevent the economy taking a negative turn in 2007. In addition to party leaders, ministers, regulators and other figures also have promises to keep.


Carol Undy, FSB National Chairman, said: “Small businesses employ over fifty eight per cent of the private sector workforce. A huge number of public figures have a major impact on these employers and their 12 million employees. These businesses produce half of Britain ’s GDP, representing £1,200 billion per year.”

 

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