SMEs still gripped by fear of going bust as confidence nosedives
Many SMEs face going bust in the coming months if trading conditions don’t improve, according to a new study.
The latest bi-annual Pulse from Aviva found that as many as one in ten small businesses feared they could go to the wall before the end of the year. Worryingly, the Aviva Pulse identifies that confidence among SMEs in 2011 is lower than ever.
When questioned, only 13% of SMEs thought the UK economy would see any sign of improvement in 2011, leaving the vast majority predicting difficult days ahead. This represents a 5% drop since autumn 2010, when 18% believed the economy would start to improve
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