Translate this site

enzh-CNzh-TW

Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.
2 minutes reading time (305 words)

Business Confidence Remains Steady

The latest Business Barometer from Lloyds Bank Commercial Banking has revealed that business confidence – an average of business prospects and economic optimism - in February has slightly decreased from 35% to 33%. However, this remains above the long-term average of 32%. 

Overall confidence in the first two months of the year is higher than in Q4 2017 and is driven by a rise in economic optimism. However, firms’ confidence in their own business prospects dipped further this month from 39% to 35% and remains below the long-term average of 44%.

The rise in economic optimism since December - which has been maintained this month - seems to be related, in part, to improved sentiment regarding firms’ assessment of the impact following the UK-EU agreement on the first stage of negotiations in December. Companies are evenly balanced on the impact of Brexit, which contrasts with the final quarter of last year when there was a negative net balance of -11%.

“Businesses do seem to be confident in the economic outlook despite current uncertainty, and this is good news,” commented Gareth Oakley, managing director, SME, Commercial Banking. “However, there’s no escaping the fact that firms are less upbeat about their own prospects. This lack of optimism might cause some businesses to reflect on investment plans, but it is vital that they do not let anything get in the way of opportunities for future growth.”

London (50%) maintained its high level of business confidence, followed by the East Midlands (42%) and the North East (42%). There was significant improvement in Scotland, which rose from 18% to 35%, slightly above the UK average of 33%. Confidence in the West Midlands, however, fell back from last month’s strong reading of 45% to 30%.

Contact Us

For expert legal advice for business owners then contact our specialist commercial lawyers today.

Property Sales Expected to Increase in Scotland
Protecting Company Directors from Fraud

Online Enquiry

  1. Name(*)
    Please let us know your name.
  2. Email(*)
    Please let us know your email address.
  3. Daytime Tel. No.
    Please enter your daytime telephone number.
  4. Subject(*)
    Please write a subject for your message.
  1. Message(*)
    Please let us know your message.
  2. Please tick below for antispam verification (*)
    Invalid Input

Latest News

27 September 2018
Raeside Chisholm Solicitors News
Raeside Chisholm is pleased to announce that we will be taking part in Will Aid this November. We will waive our fee for drawing up a basic Will and instead invite our clients to donate to the Will Aid group of charities. The suggested minimum d...
18 September 2018
Estate Agency
Scotland’s First Minister Nicola Sturgeon has detailed the Scottish government’s Programme for Scotland 2018/19 plans which include investing £7bn in building projects and creating a non-domestic business rates bill.The plans would result in the gove...
12 September 2018
Family Law
In a recent court case, mother of four Siobhan McLaughlin applied for widowed parent’s allowance to support herself and children following the death of her partner, John Adams, in 2014. Her application was initially rejected by the Northern Ireland D...
28 August 2018
Commercial
The Government has published new corporate governance reporting requirements for private companies and unlisted plcs in the UK.Under the new requirements, all private companies and unlisted plcs with more than 250 UK group employees must disclose how...
21 August 2018
Family Law
A British court has recognised Sharia law for the first time after a judge made a landmark divorce ruling which could change the way Islamic marriage and divorce works in the UK.Nasreen Akhter and Mohammed Shabaz Khan had married 20 years ago but onl...
13 August 2018
Estate Agency
Under new draft laws, overseas companies that own or buy property in the UK will be required to provide details of their true owners on a public register.The new legislation is part of a wider crackdown on money laundering in the property sector and ...

As featured in

Latest Tweets

Connect with us

     

Recent Client Comments