CMI report highlights economic struggle

Date: 6th October 2011

Small business owners operating in the private sector around the UK could be among those interested in the findings of a new report.

Data recently published by the Chartered Management Institute (CMI) has shown that fewer than ten per cent of UK managers believe that the UK's GDP will increase over the next 12 months.

Indeed, 68 per cent of the respondents believe that there is a real danger that the country could dip back into recession.

Petra Wilton, the CMI's director of policy and research, said: "Given the pressure on the private sector to spearhead the recovery … the predictions of business leaders make particularly uncomfortable reading."

The CMI's study also showed that changes to the tax system could benefit a number of firms operating in the UK.

Managers cited tax simplification, tax breaks and skills investment as ways that the private sector could be given a much-needed boost.

Posted by Thomas Fletcher