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Daily Insurance Industry News
Tuesday 17th of July 2018
November 25, 2009

UK business more pessimistic about the future

by Richard Kilner

Story link: UK business more pessimistic about the future

Trade credit insurer Atradius has commissioned research asking 3500 businesses across the globe how the economic crisis has affected them, and their views of the future.

Atradius discovered that, in line with expectations, British businesses were more downbeat than their opposite numbers elsewhere in the world.

Those surveyed thought that there would continue to be difficulties for certain troubled sectors, including the automotive and retail sectors, with future failures likely.

Opinion was quite evenly split regarding the possibilities of failures in industries that are not considered distressed, such as food.

The British were amongst the most pessimistic, with over half believing there would be failures in middling or smaller financial institutions and one in three thinking there could be a failure of a major institution.

Just over a quarter of British respondents felt the Government was doing enough to stimulate the economy, and 29% have used the Government’s stimulus programme.

However, 48% felt that the UK Government’s endeavours to promote economic activity had had no positive effect upon their business.

 

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