The Federation of Small Businesses (FSB) has warned that 2007 could be a difficult year for small to medium-sized enterprises (SME).

According to the FSB, unless a number of measures are taken by the UK's most significant public figures, the nation's economic prosperity is in danger of turning sour, damaging a sector that generates over 50 per cent of the country's GDP.

Indeed, SMEs currently employ over 50 per cent of the UK's population.

"To ensure that 2007 is a year in which small firms can grow, employ more people and keep their existing employees in jobs, we have resolutions for many of these public figures," said Carol Undy, national chairman for the FSB.

"If they keep them, 2007 will be a prosperous year for the whole country," she added.

Among the many resolutions proposed by the FSB include a request for Tony Blair to ensure an orderly transition of power and a request that Sir Menzies Campbell to continue to push for a reduction in the regulations affecting SMEs.

The FSB is a UK-based lobby group for Britain's small business sector.