More staff than expected were shed from small business in the first part of this year even though owners are more positive about the future according to a recent study. In order to facilitate the providing of new jobs, the Federation of Small Businesses (FSB) is calling on the Government for help. At the same time, in Reading, there are two free workshops encouraging more individuals to start up private businesses and they are sponsored by Government.
For the first quarter of 2011, the Voice of Small Business index, published by the FSB indicated that 4% more members eliminated jobs than had expected to. This was a reflection of Reading’s figures of unemployment as the amount of people that were claiming benefit increased between February and March from 3,700 to almost 3,800.
Nevertheless the confidence among small businesses has increased with over 36% expecting an overall improvement over the quarter while that figure dropped during each of the four quarters of 2010. An extension of the National Insurance Contributions by the Government is being asked for by the FSB in order to help small businesses to hire new staff.
Small business needs the helping hand of the Government if they Government really want the private sector to take responsibility for the slack because of the austerity measures they create.
Even though the picture is that members are recovering from a difficult winter and the economy should rebound in the first quarter there are still many question that remain about the strengths and weaknesses of the economy.
Business Link, a Government-funded group is hosting a number of workshops in the area in order to try and help people that are thinking about starting their own business. These three hour events will give an overview of different things that are involved in starting and running your own business.