There is no denying that it has been a bleak few years for businesses, but it seems there are glimmers of hope on the horizon.
This week it was announced that companies plan to keep on hiring according to a REC (Recruitment and Employment Confederation) poll, with business confidence in the economy climbing to a net -38, up from -41.
This is a small step that is being attributed to falling inflation and a pause in interest rate rises.
The trade body, Innovate Finance, reports that London’s fintech sector is showing “shoots of positivity.”
Nevertheless, the ONS (Office for National Statistics) reports that the numbers of businesses registered for VAT or PAYE have declined for the first time in a decade.
If this means that a number of so-called “zombie” businesses have finally thrown in the towel, this could mean that those businesses that remain are relatively healthy and that can only be good news for the future of the economy.
Only time will tell but in these difficult times the smallest of hopes are to be welcomed.
So, are you seeing signs of recovery in your business? Let us know and if you want to have an informal chat about the way forward then message, call or email us.
We are here to help.