UK businesses increasingly pessimistic according to survey
A survey carried out on behalf of QBE has revealed that 77% of UK businesses expect a full economic recovery will take at least two years, a 7% increase on last year’s figure.
The seventh national survey, based on interviews with 400 business owners, managers and decision makers, also showed that 50% of respondents would find it difficult to keep their business going if current conditions continued for another year.
This is up from 43% who responded in the same way last year. Just 26% expect staffing levels to increase in 2012, compared to 32% who expected to hire more staff last year.
However, 65% of respondents believe their operations have become more efficient as
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