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News > Politics

90% of SME leaders plan to vote in general election

Tom Belger | 18:30 Monday 29th May 2017

Senior decision makers at 90% of the UK's SMEs plan to vote in June's snap general election.

The Aldermore SME Future Attitudes report – which surveyed over a thousand business decision makers – also found that two-fifths (40%) of SME leaders believed the election would have no impact at all on their business.

A third (32%) felt the election would have a positive influence on their business, while 15% believed it would have a negative impact.

Carl D'Ammassa, group managing director of business finance at Aldermore, said: “Our research shows that the political parties shouldn't underestimate the importance of the small business vote on 8th June.

“Given the significant contribution to the UK economy made by SMEs, such support will be particularly important as the country makes its preparations to leave the EU.”

Two fifths (39%) of small businesses expected their confidence in how the economy is run to increase over the next 12 months, while less than a fifth (19%) expected their confidence to decrease.

Over a third (33%) said they would most like to see the simplification of the tax and financial account submission processes from the new government after the general election.

Meanwhile, 30% wanted to see the cutting of red tape and bureaucracy for small businesses and 22% hoped for more support to ensure continued economic growth.

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