Axa survey finds SMEs pessimistic about profits

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According to the insurer, in spite of widespread concerns for economic growth, its research found that 43% of UK SMEs expected their turnover to grow in 2012 and only one-in-six thought they would see a decrease.

There was however a sharp contrast in optimism depending on the size of the business. Only 23% of sole traders believed that turnover would improve in the 12 months whereas over half (51%) of businesses with 50-99 employees expected turnover to improve.

The findings revealed less

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