Executive Director of Federation of Small Businesses Craig Beaumont says he is 'disappointed' with GDP figures showing no growth in the economy, and calls on the government to help boost the number of entrepreneurs.
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00:00Well, the growth figures are very disappointing. I mean, we're seeing a flatlining economy out
00:04there right now. We had a difficult budget for business, and I think businesses are planning
00:08the next year. And in order to get growth, the government does need to make some decisions for
00:122025. I don't think the budget was enough. I think we need to see more. And I think small businesses
00:17are waiting to see what happens next. So our economy shrank in terms of the number of businesses
00:21from 6 million to 5.5 million during the pandemic. And now that we've got a stable government,
00:26really, we need to see the rocket boosters put on economic plans to grow 5.5 million
00:31back to 6 million. We need half a million more entrepreneurs,
00:35and that's what government policy for 2025 should all be about.