SMEs and Government: A cure for the economy

Small business is the backbone of the UK economy, says Stephen Archer, and the Government needs to encourage, rather than hinder, its growth.

With the coalition Government's announcement of a possible 600,000 public sector job cuts and slow growth in the private sector, economists' predictions of a recovery with low job uptake is, sadly, looking likely. One thing is clear, the turnaround, recovery, the improvement of the balance of payments and growth will need to come from private sector business. But for private sector growth to occur, the Government needs to rethink its support of businesses. This cannot be just lip service, though