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'Small businesses more confident despite economy shrinking'

John Walker, the chairman of the Federationof Small Businesses, sounded a note of optimism despite today's disappointing GDP figures and the generally high inflation. He said:

Despite all this, confidence among small businesses has picked up, and this resilience needs to be supported by Government if they are going to make use of it to pull Britain back out of recession.

He said the Government needs to focus on job creation, business investment and on boosting consumer confidence.