Millennium Preparations Continue To Fuel Business Investment
Barclays Quarterly Business Trends Survey questioned 600 finance directors of businesses with turnovers of between £1m and £100m. Results highlighted increased levels of business optimism in the wake of a several recent interest rate cuts. When asked for their views on the economy 60 per cent of finance directors questioned said they were more optimistic about the future, this compared with an optimism figure of 49 per cent in the first quarter of this year. There was good news overall on the employment front generally from these businesses. Only 14 per cent of businesses planned to reduce staff numbers and over one third, 38 per cent planned to expand into new markets. The fear of a world recession is now only felt by eight per cent of businesses but tougher competition in both the UK and overseas marketplaces is causing increasing concern.