Economic Outlook – 70 per cent of managers expect business insolvencies to increase

Posted by paulgreen on May 4, 2010 under SME News | Comments are off for this article

This Economic Outlook is the third of the CMI’s new series of research papers examining managers’ views on the economy. It presents the findings of the CMI’s Economic Outlook Survey, which is conducted on a six-monthly basis to provide insights into the impact of the economy on UK organisations, managers’ expectations of future economic performance, and the actions being taken by managers to steer their organisations through the challenges they face.

This paper has been written by Professor Lord Eatwell, Chief cheapEconomic Adviser to CMI.

Key findings

• business confidence has plummeted; 70 per cent of managers expect business insolvencies to increase
• 81 per cent of UK managers are in favour of tax breaks for skills, and everything possible should be done to protect investment in this area
• Most UK managers still feel very insecure about the future and UK businesses are struggling to regain a competitive footing

Download the full report here: http://www.managers.org.uk/sites/default/files/u28/Economic_Outlook_April_2010.pdf

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