Middle market shows confidence in economy
The vast majority of companies with turnovers in excess of £500m believe the economy is on an upward curve, a survey by KPMG has revealed.
The survey of 147 board-level respondents was conducted in February and March, with two-thirds optimistic about the economy, compared with 52% in the last quarter of 2003.
Another sign of improving times, 70% of companies expected business prospects to improve over the next 12 months.
However there were still worries about red tape and taxes, with three-quarters of respondents saying the tax burden was ‘unduly weighted against middle market companies compared to other corporations’.