British business confidence back in the black

With the metrics just climbing back into positive territory, confidence levels in 1,000 finance heads is slowly increasing, but remain significantly below those pre the Brexit referendum. Relatively more certainty following the election is starting to release investment into UK business which could help drive much needed improvements in productivity levels; however there are significant headwinds and challenges ahead. There are also significant differences between the regions of the UK (with confidence levels higher in the South West than in London). And SME's are more confident than listed businesses, on average.

Well run businesses may well be able to navigate a route to rising revenue and profitability; and all important positive cashflow to drive investment in the future.

Click here for the ICAEW website with summary take-outs

For the full Q1 2020 business confidence monitor click here.