In today’s report from Aldermore Future Attitudes, 250 000 out of 325 000 small and medium-sized business reported that they felt successful. There was no comparison with UK data but a report in in Scottish Business News on April 19th 2017 we can see quite sharp differences in the Scottish and UK figures for the related signs of business distress with the former much more optimistic.
What’s known as Red Flag Data, for rUK, showed that signs of business distress were up 17% since the last quarter of 2016 and up 7% year on year. In sharp contrast signs of business distress in Scotland were down 8% on the last quarter of 2016 and down 28% year on year.
A plausible explanation for the above, at least in part, lies in Scottish Government efforts to supports SMEs here. The Scottish Government reported on October 31st2017, that a record number of SMEs had benefited from the expanded Small Business Bonus rates scheme in 2016/17. 104,000 SMEs qualified for relief under the scheme reducing or removing rates bills.
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