business confidence up

Business Confidence Up, as is Gap Between Large and Small Businesses

Confidence is creeping up among UK businesses, but the performance gap between large and small firms is getting bigger — and British firms are lagging behind their international counterparts in both confidence and revenue growth. That’s the conclusion of the annual Regus Business Confidence Index, which found that just 46% of small UK businesses had seen revenues grow in the past year, compared to 65% of large firms. A far higher proportion of large businesses surveyed (61%) also reported a profit increase in comparison to smaller ones (36%). Of the 4,000 UK businesses that took part, small, medium-sized and large firms all expected that revenues would increase over the next 12 months with 77% of UK firms forecasting a rise in turnover. But while the UK reached a confidence score of 108 (u... »