Challenges and Opportunities for Small Businesses in the UK Economy

The chapter explores the pivotal role of small businesses in the UK economy, discussing their contributions, challenges in productivity, and the need for revitalization. Insights from research by the Federation of Small Businesses and Goldman Sachs shed light on employment expectations, barriers to growth, and the struggle with productivity. It also delves into the impact of factors like COVID, Brexit, financing struggles, and global expansion challenges on the small business sector.