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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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Small businesses hiring 'for first time in three years'

Small businesses have created new jobs for the first time since 2010, the Federation of Small Businesses has found. Credit: PA

Another sign of optimism in the economy has sprung up - jobs are being created by small businesses for the first time in three years, says a leading industry organisation.

More firms are looking to employ new staff rather than reduce their workforce, an annual report into small business operations found.

The Federation of Small Businesses (FSB) found its confidence index had doubled its second quarter score and rose to 33.5, representing the third successive quarter of growth.

Financial and business services, as well as technology firms, reported the highest levels of confidence, although those in the leisure and entertainment sectors were less optimistic as household spending power remains squeezed.

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