Business in Britain January 2018

Date: 20-12-2017

 

This 51st edition of the Business in Britain report offers insights on the recent performance and expectations of domestic businesses. The survey is based on the responses of over 1,500 firms, especially small and medium-sized companies, drawn from all industries and all parts of the country.

In this latest report  - business confidence, based on the outlook for sales, orders and profits has been broadly steady at 23% compared with 24% in July. It remained above the low of 12% immediately after the EU referendum, but below levels in the period before the vote.

HIRING AND INVESTMENT OUTLOOK IMPROVES

On a positive note more business owners intend to increase their investment spending and expand their workforce in the next six months. The net balance of firms expecting to increase their staff numbers rose slightly by one point to 9%, while the net balance anticipating higher investment spending rose by five points to 13%.

LOOKING AHEAD

The outlook for the external environment remains mixed, with Brexit negotiations underway and an uncertain economic landscape. Weaker demand, both domestic and overseas, remains the single greatest risk in the next six months according to businesses while concerns also rose on economic and political uncertainty. The share of firms that are confident about business interests being protected or promoted in Brexit negotiations fell to 48% from 60% previously, but it remains higher than the share expressing a lack of confidence, which increased to 29% from 18%.

For a full analysis, alongside a sectoral and regional view, download the Business in Britain report here.

You can view the press release from here

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