Small Business Are Split Between Labour And The Tories - London Business News...

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1st Formations sent its survey in early June to tens of thousands of small businesses across its customer base.

Of 800 respondents to a new 1st Formations survey , 51% said they thought that the Tories are better for business (over Labour).

"Given that the Conservatives have historically been seen as the party of business, it's actually quite surprising that they only got 51%," says Graeme Donnelly, CEO and founder of 1st Formations, the largest company formation agent in the UK. "The fact that Labour is up to 49% shows how far that party has come since the Jeremy Corbyn era."

Graeme continued by adding: "The resounding statement that SME owners feel SMEs are treated less favourably than big businesses by the UK government, should act as a wake up call to both Labour and The Conservatives. The lack of willingness by the government to lower business rates or VAT rates, coupled with Brexit's disproportionate effect on SMEs ability to recruit talent to function effectively, is likely to be stifling economic growth that the UK desperately needs."

The survey also asked owners: Has your business experienced a positive or negative impact from Brexit? 42% of respondents said 'negative', versus 9% saying 'positive'. The remainder said 'neither'.