EDINBURGH WEST MP WELCOMES ‘SIGNIFICANT RECOVERY’ IN SMALL BUSINESS CONFIDENCE


Christine Jardine, Liberal Democrat MP for Edinburgh West, has welcomed FSB research showing small businesses confidence across Scotland is growing, and hopes to see this reflected for businesses across Edinburgh West.

The FSB in Scotland published research, this week, showing small business confidence index for the second quarter of 2020 improved, after falling to the lowest level ever recorded in the final quarter of 2019.

 

In the second quarter of 2020, FSB’s Scottish Small Business Index (SBI)- their measure of enterprise optimism- increased from -154.8 points in the first quarter, to 10.1 points.. Over the same period, UK-wide index increased to -5.0 points.

 

Yet, of the 195 Scottish business owners surveyed in June, 25% expected their performance to be “much worse” over the coming quarter, compared to 11% who expect conditions to improve significantly.

 

Christine Jardine said:

 

“I am pleased to see confidence amongst small business owners has increased, particularly during this difficult period.

 

“Here in Edinburgh West we are lucky to have great small, independent businesses, all keen to get back to work so I hope to see this reflected in reality across the area.

 

“ It's time to help our local businesses to help them beat the Coronavirus slump. Shop locally wherever possible!

 

“These are difficult times for local communities and business owners, so as we move into the next phase of the Coronavirus crisis and the economic recovery, it’s crucial that both the UK and Scottish Governments put small firms at the heart of their plans.

 

“I will do everything possible to provide the fullest support to businesses across the constituency during this difficult time."


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