Firms expect recovery

A survey of some 7,200 firms has found that 75% of small and medium sized businesses (SMEs) expect the UK economy to improve by the beginning of next year. Conducted by BT, the study also found that over six in ten (61%) of SMEs professed to be confident about the own prospects in the coming 12 months. Lessons appear to have been learnt about the recession, as almost half (45%) of the respondents said their operations had improved since the downturn began. "The small business community has fought bravely to survive the downturn," said Mick Hegarty, strategy director at BT Business. "Despite the obvious knock to confidence, positivity about when the upturn will come is encouraging."
 
 
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