SMEs expect difficult Christmas
Almost half of small to medium-sized enterprises (SMEs) believe that trading conditions over Christmas will be difficult.
Figures from Aviva show that ten per cent of small businesses believe the festive period will be a 'make or break' time for them.
Less than a fifth of organisations polled by the insurance company are expecting good sales this year.
Meanwhile, six in ten do not expect their circumstances to improve in 2011 and 30 per cent feel there is a genuine risk of the UK entering 'double-dip recession'.
David Bruce, commercial product manager at Aviva, said: "Christmas is a crucial trading period, even more so with the VAT rise [of 20 per cent on January 4th] and government austerity measures hanging over consumer spending for the year ahead."
"The UK's small businesses are a resilient community but it looks as though the coming months will test them to the limit," he added.
Published on: November 25, 2010
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