UK start-ups hope to hire more staff in 2017, says study

New research suggests that almost 90 per cent of UK start-ups plan on hiring more staff this year, while only 1 per cent have plans to make staff cuts.

The study, which was carried out by Silicon Valley Bank, found that although start-up confidence had taken a knock since the Brexit vote, 48 per cent of small businesses still felt that their outlook for business conditions was stronger now than this time last year.

62 per cent of UK start-ups added that they did not have plans to open a European office in response to Britain’s vote to leave the bloc, while 32 per cent added that their biggest post-Referendum fear was that their non-British employees might face challenges continuing to work for them in the UK.

If you are a small business owner, or you are setting up a new firm and establishing yourself in the business world, it is crucial to make sure that you are supported by experts who understand today’s business environment and are experienced in helping people just like you to achieve specific entrepreneurial goals. It is equally important to seek out expert tax-planning assistance and advice.

Wilson Wright are here to help. We can assist you with all tax-related matters and ultimately help you to get ahead in the business world. Our team can advise you on managing your spending and day-to-day costs, and help you to implement tax-efficient business structures and find your feet on the path to success.

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