Is your business more confident?

Posted: Tuesday, 7 July 2009 @ 11:11

Today's British Chamber of Commerce figures suggest that British business is over the worst of the recession.  Let's hope they've got that right.

The survey data from 5,600 companies shows progress in both the manufacturing and service sectors with most key indicators improving in the last quarter.

Looking more closely at the data however I wonder how much of this is just trying to talk ourselves out of the problem.  Not that I am against that - afterall some businesses I think certainly talking themselves into one!

In their press release the BCC say: "The most encouraging feature of the Q2 results is a marked strengthening in confidence following sharp declines over the previous two quarters. Turnover confidence has now entered positive territory for the first time since Q3 last year and it has improved dramatically for manufacturing firms, rising 40 points from -38 in Q1 to +2 in Q2. "

So it's all about confidence and the BCC is calling for the Government to nurture that confidence by carefully reviewing it's policies on taxation and red tape.  Certainly, as we've commented before (Less red tape head?) , the amount of red tape in some industry sectors makes profitable business almost impossible, so we welcome anything that will make things easier for the struggling owner manager.

Let's see how the Government react to the BCCs call for support - and let's hope they are right in claiming that the worst of the recession is well and truly over.

Gary Cousins
Business Solicitor

For free advice on this topic please call us on 0845 003 5639.

Blog by Gary Pascual
Gary has been providing legal advice to shareholders, directors and business owners for over 25 years. Specialising in dispute resolution Gary is based in Birmingham with clients throughout the UK and overseas. View profile
Call Gary on +44 (0)121 778 3212 or by email
This blog is not intended to constitute legal advice, nor is it intended to be a complete and authoritative statement of the law, and what we say might be out of date by the time you read it. You should always seek legal advice to confirm whether or how any information in this article applies to your particular situation. We offer a free telephone consultation to discuss your particular circumstances.

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Thank you. Your response is great, very straight to the point! Hopefully this will bring an end to the matter. I will certainly be recommending your services as I am very impressed with the prompt dealing of this matter.
Janet Burbidge

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