Easier access to finance and less than 50% income tax are top of the wish list for private and family-owned businesses this Christmas, say experts at PwC in the Midlands.

Plans to scrap a rise in fuel duty, introduce new infrastructure improvements and boost employment were among the proposals announced during the Autumn Statement that have been welcomed by private businesses.

However, many private and family-owned businesses in the Midlands have told PwC they are hoping the New Year will also bring:

·         A return in consumer confidence.

·         Opportunities for exporting ideas to become a reality.

·         Less red tape and administration.

·         A lasting solution to the Eurozone crisis.

·         A reduction in inflation.

Chris Romans, partner and private business expert at PwC in the Midlands, said: "Private and family-owned businesses have been really good this year, they've managed their costs, focused on working capital, sought out innovation and new markets and optimised their business structures where possible.

"However, the current economic climate is still challenging for many small and medium-sized businesses, who will be looking to further adapt and explore new opportunities, to ensure they continue to operate as effectively and efficiently as possible in the New Year."