Confidence at City firms falls as fears over austerity measures take their toll

first_img Tags: NULL Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search Ads Confidence at City firms falls as fears over austerity measures take their toll whatsapp CONFIDENCE levels held by City businesses have dipped, according to new research, despite firms seeing a general rise in turnover and profits.The business confidence monitor survey, conducted by accountants Grant Thornton and the Institute of Chartered Accountants for England and Wales (ICAEW), found that confidence amongst London’s businesses has fallen in the last three months as uncertainty over austerity measures have taken its toll.Ian Strange, ICAEW’s London regional director, said: “Businesses in the capital are now facing the challenge of surviving the recovery. They still don’t know what the future holds and are uncertain about how the mood of fiscal austerity will impact on the economic recovery.”The survey’s confidence index, which ranks overall responses to the survey, fell from 28.1 points during the last quarter to 25.9 this quarter, indicating that businesses are weary about future growth.However, the survey also found that 1.7 per cent of London firms saw revenue grow over the year, while 1.5 per cent reported a rise in profits. center_img whatsapp Tuesday 31 August 2010 8:49 pm Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content last_img

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