UK GDP July 2021: small business owners respond

"The economy is a mixed bag. On the one hand, we're seeing an increase in startups by people who were made redundant during the pandemic, on the other, businesses looking to let staff go due to the end of furlough, a decrease in sales activity and a lack of forecast cashflow. With an uncertain winter ahead and rumours of firebreak lockdowns, it's clear that small businesses need more support and the recent announcement of National Insurance increases will do little to comfort either new startups or firms that need to cut costs. Whether as a result of an increase in employer National Insurance or dividend tax, the end of the furlough scheme or having to start to repay Covid support loans, for many small business owners it's increasingly feeling like a no-win situation."

"My small business began in lockdown so as we emerge into what might be real life it's very hard to know what normal will look like, as normal for my business is lockdown. So I'm nervous, and concerned about what might happen and whether my business will survive. Of course, Christmas offers some promise, though insecurity is perhaps the homeland of the entrepreneur."

"It feels like there has been a huge boost in the economy over the past few months, with many businesses positively booming. The question, as ever, is how long will it last? One massive stick in the spokes is the disconnect between businesses wanting to hire and the abject shortage of talent. Unless this gets sorted quickly my concern is that the economy may see a temporary but potentially serious dip."

"With more new businesses launching and existing ones improving their online presence due to the pandemic, things are really hotting up in terms of website design and I am busier than I have ever been. Many of my new clients are changing the way they work and not returning to pre-Covid careers. My biggest concern as we enter autumn is overwork and I have just hired my first employee to help with the workload. I'm definitely more confident than I was at the beginning of summer and I only see this trend increasing."

"Business is steady at the moment, which is always good news for a freelancer whose business can go up and down throughout the year. I definitely have some concerns as we head into the autumn, as to whether or not things will get worse again like last year. None of us could cope with another lockdown, it would be catastrophic for small businesses."

"My concerns as we head into the Autumn are whether we are heading for another lockdown, which would be catastrophic for the hospitality and events industry. We've already seen mass job losses and venues closing their doors indefinitely. As a business we are fortunate we can support our clients with a whole manner of enquiries, but what about the businesses who cannot support virtual or hybrid solutions? Bars, restaurants, hotels, conference and exhibition venues and all the third parties associated with them. I think whatever happens in the Autumn, if the Government shut us down again, there must be some support for those who cannot trade."

"As a small business owner in the wedding and events industry, we've had to get our wheels in motion quickly going from 'nothing to manic'. As we head out of Summer with a fully booked weekend calendar until the end of the year, we remain confident in our resilience."

"Business is picking up very slowly and my main concern is that it will take a long time for people to feel confident to return to things like live music and singing in choirs, irrespective of the measures business owners are taking to protect customers."

"Year on year, my own trading figures are up, which I feel is a sign of growing confidence in online platforms as a result of people being forced to shop that way over the past 18 months. But who knows if this trend will continue as we navigate our way through the uncertain landscape ahead. Your guess as to the direction of the economy is as good as mine."

"We had the inevitable fall in sales over the summer holidays as everyone was off enjoying the not-so-sunny British weather. We’ve since started to see a pick-up in sales and enquiries and we hope and pray for a booming autumn as businesses look to pre-order Christmas gifts for colleagues and customers. As decision makers head back into the office, we hope they are looking for new ways to keep their employees productivity and motivation up and put smiles on faces, whether they’re working from home or in the office."