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New figures from the Federation of Small Businesses (FSB) shows that small businesses will look to shed staff in the first three months of 2012, as it warns that the Government needs to be bolder in its changes to existing employment law to incentivise employment.
Figures from the FSB ‘Voice of Small Business' Index show that a net balance of 6.5% small firms plan to lay off workers in the first three months of 2012 – the highest level since the survey began.
The FSB is urging the Government to ‘think small first' when it responds to the Modern Workplaces consultation. The FSB is specifically calling for:
Small business confidence plummeted at the end of 2012 as businesses were hit by high inflation, rising utility bills and reduced spending. So the FSB is calling on the Government to act on policies and initiatives already announced to help boost small business confidence so that they can invest and grow and turn this into good news in 2012.