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Small business jobs increase

Small businesses are able to hire staff again thanks to an economy on the mend, an influential businesses organisation has found. The Federation of Small Businesses found start ups were hiring new staff at the highest rate in three years.

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FSB: Optimism up in the south, down in north east

According to the Federation of Small Businesses (FSB) their confidence index report found:

  • While optimism had picked up across nearly the whole of the UK, London was far more up beat than other regions. The capital came in at 46%, while there were much lower levels of confidence in northern regions.
  • Confidence in the north east decreased.
  • FSB members reported that inflationary pressures have eased as just over 60% said that the cost of doing business had increased in the quarter, below the peak in late 2011 of 75% and below the last three quarters.
  • Firms are also seeing cheaper finance but there has been little year-on-year movement in the percentage of companies applying for credit.

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