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80% of SME Owners Fear for Their Business

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80% of SME Owners Fear for Their Business

The ink is barely dry on Andy Burnham’s by-election victory and Britain’s small business community is already braced for what comes next.

Exclusive research shared with Business Matters reveals that the overwhelming majority of the country’s small and medium-sized enterprise owners are fearful about what the Greater Manchester mayor’s arrival in Westminster, and his widely tipped run at Number 10, could mean for their firms.

The study, conducted by Trends Research, surveyed 2,000 SME owners in the days since Burnham swept to victory at Makerfield last Thursday. More than 80% told researchers they were fearful about the implications for their business, a striking figure in a sector that accounts for more than 5.5 million firms and over 99% of the UK business population.

Burnham took the seat with almost 55% of the vote, seeing off Reform UK and handing himself the Commons platform that, under Labour rules, allows him to mount a leadership challenge against Sir Keir Starmer. The mechanics of how a sitting metro mayor can also serve as an MP have been picked over in detail by the House of Commons Library, but for many business owners the constitutional fine print matters less than the policy direction it signals.

That anxiety has roots. Burnham has built his pitch on an interventionist, redistributive platform, and his name has been attached to proposals ranging from a land value tax to expanded local levies such as a tourist charge on overnight stays. For owner-managers already wrestling with higher employment costs, the prospect of a more activist Treasury is unsettling. Business confidence has been fragile for some time, as our reporting on how Labour’s tax decisions have dampened consumer and business sentiment has charted over recent months.

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The fear is not abstract. It lands on people who are already stretched. Separate research has pointed to soaring stress levels among the UK’s smallest firms, and the Trends Research findings suggest a fresh layer of political uncertainty is now compounding that pressure. When eight in ten owners express unease about a single individual’s potential premiership, it speaks to how exposed the sector feels to decisions taken well above its pay grade.

It would be wrong, though, to read the numbers as a settled verdict. Burnham has not yet formally challenged Sir Keir, who has insisted he will not step aside, and the mayor has at points positioned himself as a champion of regional growth and a backer of hospitality through a lower VAT rate. The concern voiced by those 2,000 owners is rooted in uncertainty as much as opposition, and uncertainty can cut both ways.

What the research makes plain is that the small business community is watching Westminster closely and nervously. With capital allowances, employment rules and the tax burden all sensitive to a change at the top, owners have learned to take political turbulence seriously. As one survey after another has shown, including our own coverage of why business leaders fear that higher capital gains tax would stifle investment, confidence is hard won and quickly lost.

For now, the message from the shop floor and the spare-room office alike is one of caution. Britain’s job creators are not waiting to be reassured, they are bracing for impact.

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Paul Jones

Harvard alumni and former New York Times journalist. Editor of Business Matters for over 15 years, the UKs largest business magazine. I am also head of Capital Business Media’s automotive division working for clients such as Red Bull Racing, Honda, Aston Martin and Infiniti.

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Schwebel Baking set to shut down

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Schwebel Baking set to shut down

Longtime commercial baker to wind down operations over the summer.

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Business

Occidental Offers A 25% Upside At $70 Oil

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Occidental Offers A 25% Upside At $70 Oil

Occidental Offers A 25% Upside At $70 Oil

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Amazon Prime Day expected to drive $26.3 billion in online sales

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Amazon Prime Day expected to drive $26.3 billion in online sales

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Alan Greenspan, architect of the modern American economy, dies aged 100

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Alan Greenspan, architect of the modern American economy, dies aged 100

As chairman of the Federal Reserve, Alan Greenspan became the world’s most high-profile banker.

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Medical Properties: Strong Recovery Potential (NYSE:MPT)

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Medical Properties Trust: High Safety Margin

This article was written by

I am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MPT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Former Federal Reserve chair Alan Greenspan dies

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Former Federal Reserve chair Alan Greenspan dies

Alan Greenspan, former chair of the board of the governors of the Federal Reserve System, died on Monday at the age of 100 years old, according to a statement from his wife Andrea Mitchell, NBC News chief Washington correspondent and chief foreign affairs correspondent.

”Alan passed away at our home this morning at the age of 100 from complications of Parkinson’s Disease,” Mitchell said in the statement.

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“He was a giant of a man who helped shape the U.S. economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes,” she continued. “To me he was my husband, who shaped my life from our very first date in 1984. “

Alan Greenspan

Alan Greenspan Visits “The Daily Briefing” at Fox News Channel Studios on October 17, 2018 in New York City.  ( Steven Ferdman/Getty Images / Getty Images)

“He had ‘irrational exuberance’ for baseball, the Washington Commanders, tennis, golf and music, especially jazz. He will be remembered for his brilliance and his kindness,” Mitchell noted. “Being his life partner was the joy of my life.”

Fox Business Network’s Edward Lawrence contributed to this report

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BIGBANG’s Daesung Denies Dating Rumors With KARA’s Hur Youngji After Concert Sighting

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(Left to right) T.O.P, Seungri, Taeyang, Daesung and G-Dragon of Big Bang attend the Hyundai Card Collaboration With YG Entertainment in Seoul, June 5, 2012.

BIGBANG’s Daesung and KARA’s Hur Youngji have denied dating rumors. Recently, dating rumors between the two surfaced when they were spotted appearing close at MAMAMOO’s concert.

Where the Rumors Started

The speculation began after the two were photographed sitting near each other at the concert, with Daesung seated alongside Hur Youngji and Oh My Girl’s Hyojong among the attendees. A social media post sharing photos from the event quickly drew widespread attention, with fans noting the pair appeared close and cozy while looking at a phone together before the concert began.

The moment took on added significance for longtime fans given a previous on-air comment. Daesung has interacted with both idols on his YouTube show, however fans recalled that after Youngji’s appearance on the program, fellow BIGBANG member Taeyang had commented that the two would “hit it off.” Comments on the resurfaced video also playfully “shipped” the two together based on their interactions, with many online joking that the pair appeared to be on a “date.”

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The Agency’s Response

In response to the rumors, a source from Daesung’s agency R&D Company clarified the nature of the relationship. “They became closer after ‘ZIP DAESUNG,’ and they went to watch MAMAMOO’s concert together. They are just close peers, and the dating rumors are not true,” the representative said.

A separate statement to CBS Nocut News offered a similarly direct denial, with a representative from Daesung’s agency describing the two as simply “close colleagues,” quickly shutting down speculation about a romantic relationship.

How They First Met

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The connection between Daesung and Youngji traces back to her appearance on his variety program. Previously, Hur Youngji starred on an episode of Daesung’s YouTube program “ZIP DAESUNG,” which marked the beginning of their relationship as friends and colleagues in the industry.

Daesung’s Recent Activities

The dating speculation arrives during an especially active period for Daesung professionally. In April, BIGBANG took the stage at Coachella as a full group — G-DRAGON, Taeyang, and Daesung together — for the first time, a set that doubled as the opening signal for the group’s 20th-anniversary world tour.

Youngji’s Upcoming Projects

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Heo Youngji, for her part, has also been keeping active on the variety front. She’s set to appear as a storyteller on the reality-based thriller talk show “The Psychopath I Met,” premiering July 12, giving her a notable new platform separate from her music career with KARA.

A History of Playful Speculation Involving Daesung and KARA

This isn’t the first time Daesung’s interactions with KARA members have generated fan speculation about a possible romance. His YouTube program previously featured a separate segment involving fellow KARA member Kang Jiyoung, during which the two participated in a playful blind-date format episode that similarly fueled fan theories and online discussion about potential chemistry between them, separate from the more recent rumors involving Youngji.

That pattern of fan speculation surrounding Daesung’s appearances with various KARA members reflects a broader, long-running fan interest in potential connections between BIGBANG and KARA, two groups whose members have appeared together on variety programming on multiple occasions over the years.

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For Now, the Rumors Have Been Put to Rest

By the agency’s account, the two are just close colleagues who happened to catch a concert together, friends in tow. With both Daesung’s representatives and the broader official response framing the relationship strictly as a professional friendship, the latest round of dating speculation appears to have been resolved, at least for now, through the agency’s direct denial.

With Daesung continuing preparations for BIGBANG’s ongoing 20th-anniversary world tour and Youngji preparing for her upcoming role on “The Psychopath I Met,” both artists appear focused on their respective professional commitments in the weeks ahead. Given the pattern of recurring fan speculation surrounding Daesung’s variety show appearances with various KARA members, however, it remains likely that any future public appearances together will continue to draw attention and renewed rounds of dating chatter from fans, regardless of the most recent denial from his agency.

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Opinion: Fuel among top business concerns

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Opinion: Fuel among top business concerns

About 87 per cent of manufacturing businesses reported that current fuel prices or fuel availability were negatively impacting their operations.

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Ex-Cambridge mayor Keri Shannon appeals standards panel case

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Ex-Cambridge mayor Keri Shannon appeals standards panel case

Former Town of Cambridge mayor Keri Shannon has taken her case against a standards panel to the state’s highest court.

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Belgians win $50m dredging contract as govt tries to prevent port nightmare

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Belgians win $50m dredging contract as govt tries to prevent port nightmare

Belgian maritime engineering group Jan De Nul has won a $50 million contract to help the state government prevent mayhem at Port Hedland.

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