Confidence 'weak' among UK businesses

Date: 31/10/2011

Many enterprises in the UK may wish to purchase revenue share numbers in a bid to boost their income.

This is because, according to the business barometer for October from Lloyds TSB, confidence has declined among the country's firms.

In total, 34 per cent said they are optimistic about economic prospects, while 40 per cent gave the same answer in September.

Furthermore, 49 per cent of respondents claimed to be feeling more downhearted about the future, compared with 33 per cent last month.

Chief economist at Lloyds Bank Corporate Markets Trevor Williams said the economy is likely to suffer as the end of the year approaches.

"The fall in confidence is justified by the weakening in the global activity seen recently and also the heightened concerns regarding the eurozone debt crisis," he added.

Likewise, consumer confidence is falling according to the latest index from GfK, which could mean firms wish to look at alternative ways of attracting customers, such as buying freephone 0800 numbers.