Call us today

Business confidence on the rise among SMEs

Get in touch today - call Kent on 01634 570 390 or Surrey on 01737 370 493

Book a FREE consultation

If you would like to get some impartial advice, simply book a free consultation and we'll get in touch with you as soon as we can.

Business confidence on the rise among SMEs

A new study suggests that confidence among British small and medium-sized enterprises (SMEs) rose slightly at the beginning of 2018.

According to new figures from the Institute of Chartered Accountants in England and Wales (ICAEW), business confidence rose notably in January, but remained in “negative territory.”

The group’s latest UK Business Confidence Monitor (BCM) saw Britain’s ‘confidence index’ rise from -3.4 to -1.0, suggesting “modest GDP growth in Q1,” the ICAEW said.

Its report also found that sales growth was “drifting gradually upwards” and that investment in staff development was “starting to pick-up” among SMEs at the beginning of the year.

Interestingly, the report comes at a time when the Government is anticipating a gloomy outlook for the UK over coming months.

Last week, official documents were leaked suggesting that Britain’s economy would be adversely affected by the nation’s upcoming departure from the European Union (EU).

Since then, however, many economists have argued otherwise – with one influential think tank lifting its growth forecast for the UK on Monday (5 February).

Its report revised the group’s UK GDP estimate for 2018 to 1.7 per cent, up from the 1.4 per cent previously forecast towards the end of last year.


Urgent COVID-19 Notice
Working From Home

Our first priority is the health and well-being of our team and our community. Therefore, with a heavy heart we have made the decision to temporarily work from home with immediate effect.

We are listening to the government’s daily updates, taking each day as it comes, and will reopen our offices as soon as it is safe to do so.

If you have any questions or need to discuss any issues at all please do email or call us on our usual number 01634 570 390.

The general email is

We hope everyone is keeping well and staying safe.

This website uses cookies to enhance your browsing experience... moregot it