With the first budget since the general election being announced later today, business confidence has risen by 15 points to a record 119.4, according to Smith & Enterprise Index.
As reported by Ben Lobel in Smallbusiness.co.uk, more than 80% of the 200 business leaders who took part in survey expected the economy to continue to improve in the next calendar year.
A similar 80% of these respondents from the established survey felt the previous coalition government were supportive and as a result were subsequently concerned about the effects an unclear election result would have on future growth.
Ahead of today’s announcement, 87% of this audience remain optimisitic about their prospects, with a large majority planning to grow in the next year.
Other results show:
A further 84% of businesses see exports as a “barometer for success” for the new government
9 % believed migrants are absolutely essential to their business
62% believed that migrants had played some part in their business success
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