UK businesses prospering despite credit squeeze

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...