The Great Debate UK

Mood of cautious optimism in owner-managed business sector

-David Rankin is managing director of business advisory, tax and assurance at Vantis. The opinions expressed are his own.-

There is no doubt that the economy is one of the most contentious issues in the run up to the election. While politicians argue over who would be able to handle the economy in the best manner going forward, we thought it would be far more telling to ask smaller businesses, those at the hardest end of the coal-face, just what they thought would happen to the economy.

We were pleasantly surprised.

More than half of the leading owner-managed businesses in the UK surveyed believe that the economy will improve over the next 12 months, according to the latest Vantis Market inSight survey.

Latest findings have shown that 58 percent of respondents are confident in the UK’s economic prospects, despite the uncertainty caused by a general election. Just one in five believe the economy will decline.