OMB Report: Why businesses are holding back on investment

Moore UK owner-managed business survey – November 2025

Our latest owner-managed business (OMB) survey provides a clear snapshot of how UK business owners are feeling as we move into 2026.

Now in its fifth year, the survey reveals a mixed picture. While confidence continues to rise and many business owners feel more in control of their goals, investment remains cautious. Concerns around tax, costs and economic stability are shaping decision-making and slowing growth plans.

Headline findings

• Taxation remains the biggest challenge, ahead of rising costs and interest rates
• Recruitment is picking up, with a shift towards outsourcing, tech and freelance models
• Just one in three businesses plan to make significant investments in the year ahead

The results show a resilient but cautious business community, adapting to challenges while keeping growth firmly on the agenda.