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UK businesses more optimistic than EU counterparts about 2021

by LLB staff reporter
8th Feb 21 12:17 pm

Global expenses app, ExpenseOnDemand, has published new data highlighting how UK businesses are more optimistic about 2021 being a positive year for business compared to the rest of Europe. 82% of UK business leaders are feeling positive that the year will see an improvement compared to only 69% of their EU counterparts. The data also illustrated that nearly a third (31%) of EU firms don’t believe the vaccine roll-out will cause an economic ‘bounce back’ compared to only 18% of UK businesses.

The survey also revealed some interesting global trends with India, Australia and New Zealand businesses currently feel the most optimistic about the impact that a successful roll-out of the vaccine will have on their domestic economies. The EU was the least optimistic region at 31% but was followed closely by the Middle East with 1 in 4 (25%) of firms believing the vaccines will have little impact this year.

The ExpenseOnDemand app allows employees to simply and remotely upload and claim business expenses from any mobile device, helping businesses to automate their expenses process in a paperless environment.

Sunil Nigam, Founder at ExpenseOnDemand said, “This data certainly gives us some interesting trends and insights into how business leaders see the post-vaccine economies around the globe recovering. Overall, the survey paints a very positive picture as the vast majority of businesses are feeling optimistic and are also starting to see an impact as the vaccine roll-out helps reboot economies around the world.

“It will be interesting to see how these businesses adapt to the ‘new normal’ and what measures they will put in place to manage their current remote workforces. We have been developing our app to make it easier for employees working from home to manage expenses and allowing businesses to automate this process.”

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