A new analysis by iwoca indicates that SMEs view the UK as offering the least support among major economies, with 24% ranking it worst in business support and 21% citing it as having poor wealth creation. Many SMEs perceive long-term economic decline, with 65% believing the UK has underperformed over the past decade. Comparatively, both China and the US are seen as stronger economies, with two in five favoring China's resilience. Despite these concerns, the UK is still recognized for political stability and quality of life, appealing factors for business owners.
One in five (21%) ranked the UK as having the best quality of life, highlighting some positives despite prevailing economic concerns, indicating potential strengths for SMEs.
65% of SMEs think the UK is in long-term economic decline; this sentiment reflects a broader concern over the nation’s support for businesses and wealth creation.
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