Nearly three quarters of small businesses believe the UK economy will re-enter recession in 2012, according to new research from a credit reference agency.
In a sign that business confidence is still very low amongst UK small and medium-sized enterprises (SMEs), 73% of those polled by researchers anticipated that another recession was on the horizon, despite official figures revealing growth in the economy in the last three months.
Over 90% of small businesses also argued that the government should do more to encourage banks to lend to them, according to new research from credit reference agency, while only 8% of credit managers polled believe that the establishment of an SME bond market by the government would help businesses access funding. Over a third (38 per cent) predicted that such a fund will have no impact on firms seeking funds for growth.
No comments:
Post a Comment