---
title: Vistage UK SME Confidence Index June 2017 - Press Page
description: The latest ‘UK SME Confidence Index’ from Vistage, the international membership organisation for business leaders, reveals that talent management will be a major challenge for half (47%) of UK SMEs over the next 12 months.
---

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# **UK SME Confidence Index June 2017 ________________**

** ****Half of UK SMEs face major talent management challenge in next 12 months**

- **Biggest challenge: **When UK SME leaders were asked about the challenges they face in the next 12 months, half cited talent management as one of the biggest

- **Confidence in business growth: **For their own businesses, 70% are confident that sales will increase over the next 12 months alongside profitability (52%). A further 55% believe headcount will increase

- **Low faith in economy: **When it comes to faith in the economy, 39% confirm that economic conditions have declined for them over the past 12 months, half believe this trend will continue over the next year. Just 7% are optimistic

- **Brexit proofing UK businesses: **This is not a major concern; just one in four leaders of UK SMEs claim they have increased prices, 22% have reduced overheads, 20% set up bank accounts in alternative currencies, 12% have frozen headcount, 10% have frozen salaries and 8% have made redundancies

- **EU still considered an opportunity: **Half see the EU as the biggest long term opportunity, more than double those that cite the US (25%) closely followed by Asia at just 17%

*** Forget Brexit and political turmoil, finding and retaining the best people is a major concern.***

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| ** VIEW THE REPORT (PDF) ** |
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