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News - 10 January 2014

UK business confidence at a 20-year high.

According to a survey by Lloyds Banking Group of 1,500 businesses, confidence had increased across all UK regions and sectors and is running at a 20 year high.

Other surveys from the EEF employers' group and business services company Deloitte have suggested that exports and investment will increase in 2014.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“The Lloyds' survey tracks business confidence about sales, orders and profits, weighing positive and negative views to create a "balance of opinion". The latest positive balance of 45% is up from 30% last July. Confidence about the UK economy also improved, with 31% of businesses worried about domestic markets, down from 45% last July.”

The EEF reported that two-fifths of manufacturing companies planned to raise investment over the coming months. Terry Scuoler, EEF chief executive, said: "Manufacturers are telling us they expect to make a greater contribution to growth, investment and jobs this year."

In a survey of 122 chief financial officers in the UK they said that their appetite for risk has returned, with easier access to bank lending likely to mean their companies will expand and hire more staff in 2014.

If you need any help and advice on Business Financial Planning and Development within the manufacturing sector, don’t hesitate, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help in all your Business planning.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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