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Record number of small businesses looking to shut shop

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A record number of small businesses faced downsizing or closure throughout the end of 2017, as sluggish demand and rising operating costs batter the industry. According to a new survey published by the Federation of Small Businesses (FSB) 14 per cent of small businesses are now expecting to scale down or stop trading, with retailers among the least optimistic for the future of their business. READ MORE: Over 24,000 small businesses still waiting for rates relief A further 75 per cent have reported rising operating costs over the first three quarters of 2017, while the FSB’s confidence index dropped into negative territory for the second time in five years.

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Record number of small businesses looking to shut shop

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