Matthew Pinto-Chilcott, Owner of outsourced Consensus HR comments: “With what has happened to businesses over the past three years, it is great to have some news that a large number of British companies are optimistic about the future and UK prospects.”
NEWS ARTICLE: Companies optimistic over economic growth
Most UK businesses are optimistic that economic growth will improve over the next three years. A poll of more than 1,500 British companies by Boston Consulting Group shows that 61% expect economic output to be “somewhat or significantly better” in 2025. Raoul Ruparel, director of the consultancy’s Centre for Growth, said: “It is easy to get downbeat about the UK’s prospects both in the short and medium term, but those running our businesses tend to be more optimistic.” He added: “Business leaders are anticipating a short-lived downturn, with the labour market likely to remain stronger than expected.” On challenges firms face, a quarter of company bosses surveyed said higher taxes posed one of the biggest threats to doing business, while 40% flagged concerns over energy costs.
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