BusinessCompany NewsMiddle market shows confidence in economy

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.

Link: Few signs of better economy

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’.

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