Small Business Research Finds Firms Confident

Survey finds small business in confident mood about prospects.

By News Desk
20th September 2007 at 15:00

SERTIn 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.

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