Humberside businesses ‘are the UK’s most upbeat’

Published: Monday 4th January 2016 by The News Editor

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Small and medium-sized businesses in Hull and East Yorkshire are among Britain’s most upbeat about the future, a new report suggests.

According to Lloyds Bank’s Business in Britain report almost half (46 per cent) the businesses surveyed in the Yorkshire and the Humber region believe they will see improvements to their profits, sales and order books between now and the summer.

While confidence levels appear to have fallen in eight UK regions since last July’s report, they remain unchanged in Yorkshire and the Humber.

Over the UK as a whole, the report says, business optimism is only running at 38 per cent, compared to the 43 per cent recorded last July and in January 2015.

Over the long-term, meanwhile, a UK average of only 24 per cent regard their glasses as being half full rather than half empty.

Tim Hinton, Managing Director, Mid Markets and SME Banking at Lloyds said: “Business confidence has slipped back slightly as companies see slowing demand as a threat to their business in 2016, both at home and abroad.

“Global economic conditions are causing concern in the short term, with Sterling’s strength against the Euro causing issues for exporters. However confidence levels remain close to recent highs, especially on the back of three years of economic growth.”

The report is based on the views of some 1,500 firms across the country.

Copyright Press Association 2016

Published: Monday 4th January 2016 by The News Editor

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