1. ITV Report

Majority of firms 'have no confidence' in Chancellor

81% of firms say they have no confidence in George Osborne. Photo: ITV

Eight out of ten businesses in the region have no confidence in the Chancellor, George Osborne, according to an exclusive survey by ITV Tyne Tees & Border.

The software and business services firm Sage carried out the research among 758 of its customers nationwide.

Of those surveyed in the Tyne Tees & Border region:

  • 81% say they have 'no confidence' in George Osborne
  • Only 9% say they're 'impressed' with the government's handling of the economy
  • Just 19% believe that Britain in 2012 is a good place to start a business

But the results also point to growing confidence in the economy. More firms are expecting to create jobs than cut them in the remainder of this year, and 45% of firms say they're 'optimistic' about last few months of 2012.

The business people surveyed said cutting taxes and red tape, reducing VAT and action to force banks to lend to small firms were at the top of their wish list from the Treasury.

"Certainly what our customers are telling us is that first of all, many of them are far more confident than they have been in recent months, and 1 in 5 companies are telling us they've taken on more people since the start of the year.

"Businesses have a huge amount of potential. Anything that can be done to just help that would be really welcome at this stage."

– Brendan Flattery, CEO, Sage UK

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