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Rise in Scottish small business confidence

Scotland’s small businesses have had a confidence boost – for the first time in a year.

In the second quarter of 2019, optimism rose, after six months of record-breaking lows.

The Federation of Small Businesses, who conducted the study, say it’s a completely different picture in the rest of UK – where morale has sunk even lower.

Andrew McRae, FSB’s Scotland policy chair, said: “After five years lagging behind the UK average – and some record low readings over the last six months – it’s a refreshing change to see Scotland bucking the trend in a positive way.

“It’s hard to point to a single factor behind this. 

“The mini heatwave around Easter has reportedly given some important sectors a bit of a bounce. 

“Equally, the Brexit extension in April let businesses breathe a sigh of relief that the threat of crashing out of the EU without a deal had receded for the immediate future.

“But, this sentiment can fall back just as quickly as it has risen. 

“We need to use this narrowing window of opportunity to get Scotland’s businesses some clarity on what the post-Brexit trading environment is going to look like.”

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