business optimism

UK Small Businesses Expect Profits To Increase 4% Year-On-Year

UK Small Businesses Expect Profits To Increase 4% Year-On-Year

50% UK small businesses expect their profits to increase 4% year-on-year, according to a global study of 3,200 small firms. The American Express Global SME Pulse has revealed that a majority of respondents are generally optimistic about the world economy over the next 12 months, with 14% of British-based businesses look forward to revenue growth of at least 8% over the same period. In terms of profitability, 57% of UK small enterprises are forecasting a net profit of 4% per annum over the next three years, while 22% forecast net profit in excess of 8% over the same period. When it came to priority areas of investment for UK respondents, 79% said reacting quickly to changing business demands was their biggest, 63% said it was applying the latest technology, while 60% said it was developing ... »

UK Small Business Optimism at Lowest Level in Three Years

UK Small Business Optimism at Lowest Level in Three Years

UK small business confidence for January to March 2016 is at its lowest level since 2013, according to a report by the Federation of Small Businesses (FSB). A survey of small business owners, the report argued that the introduction of the national living wage (NLW), pensions auto-enrolment, and plans to introduce mandatory quarterly digital tax reporting, were contributing to the negative outlook. The uncertainty of the global economy and the UK’s position within the EU were also suggested as possible factors in the drop off in business optimism. Scottish and Northern Irish business owners were found to be the least confident in the UK, with the fall most noticeable in London and the East of England. In Wednesday’s Budget, George Osborne unveiled a number of tax breaks for small businesses... »

Business Hiring Rates ‘Sky-High’ Despite Static Productivity Levels

Business Hiring Rates ‘Sky-High’ Despite Static Productivity Levels

Confidence among British businesses remains strong with hiring and optimism rates revealed to be significantly above long-term trends, measuring 113.0 and 104.9 respectively on accountancy firm BDO LLP’s Business Trends Index report. Despite these high optimism and recruitment levels the report also found that several economic concerns still remain.Business productivity – workers’ output per hour – has continued to stagnate over the past two years and the BDO claims productivity levels for UK enterprise are now at their lowest since World War 2. The report did however shine a positive light on the UK business atmosphere, with the BDO’s Output Index rising to 103.9 and its Inflation Index decreasing from 94.7 to 93.8 this month – signifying deflation. Peter Hemington, a partner at BDO LLP, ... »