Small Business Research Finds Firms Confident

In its latest quarterly survey the Small Enterprise Research Team finds UK firms resilient in the face of potential economic storm clouds precipitated by the sub-prime mortgage crisis and credit crunch.

All sectors apart from retailers and transport firms reported positive annual percentage of sales over falls (16%) and expected the balance to rise to 20% in the third quarter of the year.

Around 11% of 528 small business respondents said that the future stability of the economy was a major concern, but the survey was carried out ahead of the most recent vicissitudes in the market and the run on Northern Rock.

economics | SERT | small business | survey | uk |