Wednesday, October 09 12:10:26
ISME have today released results of a new survey, which reveals increasing levels of dissatisfaction among SMEs with government performance.
The Irish Small and Medium Enterprises Association surveyed over 1,100 businesses as part of their Government Satisfaction ratings report. While the survey continues to show the dissatisfaction with the government's performance in the areas of banking, business costs, jobs and dealing with the Troika, the combined satisfaction rating of minus 42, shows a drop from minus 38 for the summer of 2013.
Mark Fielding, CEO of ISME, said,
"A drop in four out of five indicators shows how SMEs rate the government in the third quarter of 2013, with the highest dissatisfaction being shown for the government's handling of the banking crisis. A reason for this will be the cavalier attitude shown by the bankers when in front of the recent Oireachtas committee and the utter disdain shown for the economy by the busted and bailed out banks"
The overall satisfaction rating, has dropped to -42 from -38 while micro enterprises at -50 are the least satisfied and the hospitality sector have posted a disastrous -75, presumably in anticipation of the reversion of the VAT rate to 13.5pc in the budget.
The satisfaction rating on the government's jobs initiatives is the only indicator to show any improvement, from -44 to -43, in line with the general ratings. This could be as a result of the Plus One initiative and the recent spate of job announcements, mainly in the FDI multinational area.
The banking score, having stayed static at -70 for two quarters, has deteriorated to -76; the worst negative satisfaction rating since the start of this survey this time last year. This deterioration can be partly attributed to the difficulties faced by businesses securing new or replacement funding. Once more the highest negative score of 'Very Dissatisfied' was scored in this category at a full 52pc, with all categories of micro, small and medium businesses scoring very high dissatisfaction ratings.
Fielding called on government to tackle the key issues of bank credit, business costs and jobs and prioritise the restoration of our competitiveness. He says,
"All costs including public sector and legacy business costs must be benchmarked against our immediate international competitors. We must also expose sheltered sectors to greater competition and ensure greater access to bank credit for SME business".