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20th August 2010
Business confidence returning says report
Business confidence is steadily returning to the UK’s economy, according to a survey of 2,300 firms by Lloyds TSB.
Recent developments have seen a number of firms in the IT sector demand more contractors, after restarting projects which had been put on hold during the recession.
The latest Business in Britain report could provide more good news for temporary workers, as a growing market has boosted confidence in the UK and created a more optimistic outlook among businesses in several industries.
Consequently, it is thought that many firms will benefit from increased sales and profitability, which may translate into more employment opportunities.
John Maltby, managing director of Lloyds TSB Commerical, welcomed the development and said that business confidence is “on the turn”.
"After such dramatic lows, this revival is a real sign that businesses are genuinely hopeful for the future, and it is clear that many firms now see better sales and profitability on the horizon," he said.
Mr Maltby added that renewed confidence will continue to drive economic recovery in the UK, but noted that it could be a lengthy process.
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