A survey covering small business has shown the huge risks the Government is running with the economy.

Shadow Business Secretary, Pat McFadden MP, responding to the latest survey of business attitudes from the Federation of Small Businesses said:

"This survey shows the huge risks the Government is running with the economy. 

“By cutting back spending so fast and so deeply, this is not just having an effect on the public sector but the private sector too. 

“Today's figures show a sense of foreboding among small businesses about their prospects for the future."

The survey indicates agreement with many leading financial experts in both Europe and the U.S. who believe that stringent cutbacks at this time, will have a detremental effect and severely damage the Economy.