UK Business Optimism at Record High

Optimism that UK Business is doing the best it has done in over two decades has been bolstered by a new survey by Lloyds. The research has shown that belief has surged over the past few months throughout the UK and in the vast majority of sectors.

More studies have highlighted even more growth in the areas of export and investment over the coming year which is a good reason to start feeling good that things are finally improving.

Exports to the Asia-Pacific region, but also to an improved Europe and even domestic orders within the UK, have all shown strong growth since last july.

The north of England and the West Midlands have shown particularly strong recovery as well as general UK business optimism across the entire country.

Although rising energy costs are a huge concern for many businesses reports suggest that a great number of manufacturing companies intend to now increase investment in the next few months.

Finance companies have also indicated a renewed desire to take risks due to increased lending which, questionable as this sounds, will in fact mean the expansion of the economy and the taking on of many more employees.

So, here’s hoping that 2014, despite George Osborne’s pledge to carry out more ‘painful cuts’ will be the first year since the start of the financial crisis where the UK economy once again prospers and is able to be maintained on a stable equilibrium.