The UK market appears to be cautiously optimistic about growth, according to a recent YouGov survey commissioned by Barclays Corporate Banking.
Here’s a summary of the survey findings:
55% of business leaders expressed a fair to strong confidence in their ability to grow their business, indicating a positive outlook despite economic uncertainties.
Companies seem determined to push forward and pursue growth, showing resilience even in less-than-ideal economic conditions.
A significant challenge facing 44% of businesses is recruitment and staff retention, particularly in the context of post-Covid labour shortages and the ongoing shift toward flexible working arrangements.
The survey highlights that, while economic conditions are not perfect, businesses are actively seeking ways to advance and adapt.
Despite the challenges, the overall sentiment suggests that the UK market is poised for growth, with businesses showing a willingness to navigate obstacles and capitalize on opportunities.
In addition to this survey, according to newly released data by the recruitment firm ManpowerGroup, UK employers are indicating a growth mindset with an optimistic recruitment outlook for Q4 (October to November) 2024
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