KPMG survey finds increased business optimism

Business optimism appears to be growing in the UK, a new survey by
KPMG has found.

The firm found that despite higher interest rates, 64% of small and
medium-sized companies were optimistic about the outlook for businesses over the
next 12 months.

According to KPMG that is the highest level of optimism since 2004.

Despite this optimism, KPMG said two-thirds of the businesses surveyed would
prefer interest rates to remain where they are.

KPMG questioned businesses with an annual turnover of between £5m and £500m.

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