‘Unprecedented’ number of small businesses expect to shrink or close down

cityam

Oct 30

Small firms are bracing for mass closures and contraction, a survey has shown. A record number of small businesses are expecting to shrink or close down in the next year, a leading industry group has ...

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A record number of small businesses are expecting to shrink or close down in the next year, a leading industry group has ...</p>\n\n<a href=\"https://www.cityam.com/unprecedented-number-of-small-businesses-expect-to-shrink-or-close-down/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Unprecedented’ number of small businesses expect to shrink or close down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Unprecedented’ number of small businesses expect to shrink or close down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-30 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/unprecedented-number-of-small-businesses-expect-to-shrink-or-close-down/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Small firms are bracing for mass closures and contraction, a survey has shown. A record number of small businesses are expecting to shrink or close down in the next year, a leading industry group has ...</p>\n\n<a href=\"https://www.cityam.com/unprecedented-number-of-small-businesses-expect-to-shrink-or-close-down/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FSB","symbol_name":"Franklin Financial Network, Inc.","start_time":0,"source_url":"https://www.cityam.com/unprecedented-number-of-small-businesses-expect-to-shrink-or-close-down/","article_id":"2579740164","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/05/1507-Rain-High-Street-Shoppers.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/unprecedented-number-of-small-businesses-expect-to-shrink-or-close-down/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2579740164","pubTimestamp":1761800400,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Small firms are bracing for mass closures and contraction, a survey has shown. A record number of small businesses are expecting to shrink or close down in the next year, a leading industry group has warned, amid a “vicious” cycle of low growth and fears that next month’s Budget could cause more pain for businesses.Nearly one in three of the UK’s small businesses  expect to cut operations, sell up or collapse in the next 12 months, according to the Federation of Small Business .Owners said the November Budget came at a “make-or-break” moment for small firms as net confidence  dropped to -58 in the third quarter of the year, lower than the previous -44 figure and the second lowest reading since the start of the pandemic.Industry officials also said the portion of firms expecting to shrink was “unprecedented” as they urged Chancellor Rachel Reeves to lower business rates and reduce taxes on entrepreneurship.“The stakes couldn’t be higher. Without small businesses economic growth is a los","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FSB":"Franklin Financial Network, Inc."},"translate_title":"预计将萎缩或关闭的小企业数量将达到“前所未有”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FSB":1},"content_text":"Small firms are bracing for mass closures and contraction, a survey has shown. A record number of small businesses are expecting to shrink or close down in the next year, a leading industry group has warned, amid a “vicious” cycle of low growth and fears that next month’s Budget could cause more pain for businesses.Nearly one in three of the UK’s small businesses (30 per cent) expect to cut operations, sell up or collapse in the next 12 months, according to the Federation of Small Business (FSB).Owners said the November Budget came at a “make-or-break” moment for small firms as net confidence  dropped to -58 in the third quarter of the year, lower than the previous -44 figure and the second lowest reading since the start of the pandemic. Industry officials also said the portion of firms expecting to shrink was “unprecedented” as they urged Chancellor Rachel Reeves to lower business rates and reduce taxes on entrepreneurship. \n\nThe survey showed only 18 per cent are forecasting growth in the next year while 6 per cent expected to close in that time, suggesting some 300,000 firms could go insolvent over 12 months. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe FSB’s policy chair Tina McKenzie warned the small businesses, often referred to as “the backbone of the UK economy”, faced bigger threats than at other times and required a “positive backing” from the government. “Millions of small businesses shrinking, closing, or selling up instead of growing means a vicious cycle of a lower tax take, higher unemployment, and greater demands on the state all exacerbating each other in a downward spiral,” McKenzie said. “The Chancellor’s Budget speech will be a make-or-break moment for small businesses. \n\n“The stakes couldn’t be higher. Without small businesses economic growth is a lost cause. Small firms will be looking for positive backing.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}