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Small firms optimistic about future trading prospects
Reported on Mon, 21 Aug 2006
Small companies in the UK could be seeking out business loans after new research reveals that smaller firms in the country are the most optimistic about their future trading prospects.
According to the latest Business Barometer study from Lloyds TSB, 65 per cent of UK companies predicted a rise in trade over the next year.
Over two-third of these firm expecting more trade were smaller companies, a ten per cent increase on last month.
Trevor Williams, chief economist at Lloyds TSB Corporate Markets, said: "This is the second consecutive month the business confidence balance has been above the survey average, indicating that growth in the UK economy in Q3 may be as strong as in Q2.
"The current strength of the housing market will still help lift consumer spending growth despite the headwinds of higher utility bills."
Small firms in the UK should consider searching for the best business loan available in order to avoid the potential financial pitfalls should interest rates rise again.
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