UK businesses remain strong despite the credit crunch, the latest business trends report by BDO Stoy Hayward says.
It said British firms have successfully shrugged off the “rising tide of economic pressures” and high oil prices and argues short and medium-term business confidence remains upbeat. Though down on October, the November confidence indices were both above the 100 mark, suggesting expectations of UK economic growth remaining above its 2.5-2.75% trend, in the coming months. Nevertheless, confidence has been ‘dented’, with the index predicting business confidence one quarter ahead falling from 100.8 in October to 100.4 in November - an eighteen month low. The Optimism Index, which tracks conf...
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