Small businesses amongst those calling for public finances clarity

Date: 30th June 2009

The majority of businesses agree that a clearer plan outlining the future of public finances is needed, according to the British Chambers of Commerce (BCC).

Bank of England governor Mervyn King initially expressed the need for increased clarity.

According to the BCC's Monthly Business Survey, over three quarters of businesses said they thought the government had not yet laid down a clear strategy for the future of public finance.

The survey also found that credit for firms remained an issue, with a fifth suggesting it was now more difficult to secure credit than it was three months ago.

Only six per cent believed it was now easier to get hold of credit, while 74 per cent said they believed there had been no change.

The report also indicated that only 25 per cent of businesses had the ability to recruit over the next six months.

A total of 400 businesses were surveyed.