SMEs predict two year wait for UK economic recovery
The majority (58%) of small to medium sized enterprises (SMEs) believe there will be a two year wait before the country experiences a full economic recovery, according to research from QBE.
QBE's fourth survey of SMEs showed that this majority is higher than the 47% that predicted the same development when asked six months ago, which indicates that recovery is slower than had been expected.
The findings also illustrated that the current economic climate continues to challenge the UK’s principal business base, with over half (52%) saying that they would experience difficulties if current conditions were to persist. However, this has improved since six months ago, when 71% said that
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