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Business confidence 'on the up'

Date Added: 18/08/2010  

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Although many firms are seeking business debt advice to improve their financial situation, business confidence in Britain appears to be rising.

Lloyds TSB has reported that the prospect of rising export levels is boosting optimism among company bosses across the UK.

Indeed, business confidence was said to now be at its highest level in three years.

"This revival is a real sign that businesses are genuinely hopeful for the future," said John Maltby, managing director of Lloyds TSB Commercial.

He stated that many firms now believe they will see improved sales margins and greater profitability in the near future.

However, Mr Maltby added that business owners are remaining slightly cautious due to concerns about domestic demand for goods and services.

This echoes the findings of a recent study by Bibby Financial Services, which showed that 72 per cent of small businesses believe they are performing well at the moment.
 

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