Lloyds Bank’s Business in Britain report is a bi-annual survey which gathers the views of over 1,500 UK businesses and tracks their overall balance of opinion on a range of important performance and confidence measures.
Now in its twenty-fourth year, the most recent survey findings include:
- Economic activity is stabilising
- British businesses relatively upbeat on economic outlook
- Prospects for profits, investment and hiring remain in line with a maturing recovery and consistent with solid economic growth
For more recent trends alongside a sectoral and regional view, read the full Business in Britain January report.
Tim Hinton, Managing Director, Mid Markets and SME Banking, Lloyds Banking Group said:
“Business confidence has slipped back slightly as companies see consumer demand as a big 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.”
“Businesses should continue to be prepared for interest rate rises and currency fluctuations, with the recent decision by the US Federal Reserve a reminder that this benign environment is not here to stay. Lloyds Banking Group are playing our part in helping Britain prosper globally by supporting businesses to start up, scale up, trade overseas and manage their risks. Businesses have good reasons to remain confident as the long-term health of the UK continues to improve.”
Download the Business in Britain January report here.