SME confidence increases in 2023
Confidence improves across all major sectors.
Tax take soars by almost 10%
Total receipts for 2022/23 hit £786.6 billion.
Company insolvencies rose by 37.7% in March
Insolvencies are higher than pre-pandemic levels.
Rural SMEs struggle with business costs
37% of firms reported a 10% increase in operating costs.
UK economy saw no growth in February
Economic outlook “brighter than expected”, despite slow progress.