More small businesses 'planning to hire'

The UK’s small businesses are preparing to create more jobs.

This is according to new figures from the Federation of Small Businesses, which found that 15 per cent of the country’s small firms want to take on new employees during the next three months – higher than the 11 per cent of firms that created new jobs during the last quarter.

Business confidence is also on the rise, breaking the previous record on the FSB’s scale reached during the final quarter of 2013.

The survey of almost 3,000 firms also found that almost two thirds expect to grow during the course of the coming year, while one in four plan to increase investment.

Meanwhile one in four expects to see an increase in export activity during the coming quarter – up on the one in ten that saw growth during the final three months of last year.

FSB National Chairman John Allan said: “Once again we see confidence on the up – and small firms leading the way in job creation.

“There is no doubt small businesses are pushing us further towards economic prosperity, and it’s so important to retain this momentum. That more than half of firms want to grow is a sign to the Chancellor to keep the focus on business.”

The Chancellor will deliver his annual Budget statement to the House of Commons on Wednesday.

What do you think? Are you feeling more confident? Is your business planning to hire? Let us know in the comments.