Four in 10 SMEs confident about economy – twice as many as in Q2

The number of British small-and medium-sized enterprises (SMEs) that feel confident that we are on the way to economic recovery has doubled since the last quarter, according to research from insurance firm Zurich.

It found that 38% of SMEs think the economy will improve this autumn, versus just 20% last quarter. Richard Coleman, director of SMEs at Zurich, said: “SMEs are building in confidence and reinvesting in their businesses, suggesting a belief that these economic green shoots are here to stay – for the moment at least.”

Only 28% of the 500 SME decision-makers questioned felt their business faces more risk now than in Q2 this year, compared with 35% in January.

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