Spending Review of less concern to SMEs

The report found that 47% of SME managers saw the Spending Review and budget cuts as a threat to their organisation, compared to 60% of managers working at companies with more than 250 employees. SME bosses were also more confident about their job security, with just 8% admitting to feeling insecure about their roles, in contrast to 42% of managers working at larger companies.

The Chief Executive of the Chartered Management Institute, Ruth Spellman, said that \”Ultimately, the key to recovery is ensuring managers feel confident and optimistic about the future. Of course, managers and leaders must take some responsibility for developing the skills needed for success, but they are crying out for more support.\”

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