By Guy Rigby, Head of Entrepreneurial Services at Smith & Williamson

When asked whether current government policy is supportive of private enterprise, the majority of the survey’s respondents were positive, with less than 30% of participants giving a negative response.

Modwenna Rees-Mogg, founder of AngelNews believes, “the government can always do much, much more; particularly there should be a focus on lowering taxation which is the main bit of resistance to business growth.”

The UK has an exciting small business sector and a long history of entrepreneurship. SMEs represent 99% of all UK businesses and operate across a broad spectrum of industry sectors. They employ 60% of private sector workers, and according to Goldman Sachs 66%, have increased their turnover year-on-year.

By necessity this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Article correct at time of writing.

Smith & Williamson LLP
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