Business confidence hits record high prior to Budget announcement

By Jake Martin

0 min read

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.

 

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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

Read the full article here.

See how QuickBooks can help ease the process of running your business. Alternatively, visit our “Starting Up” section on the Small Business Centre.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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