Lloyds TSB: British Business on the up – especially in Scotland

18 July 2007
The number of British business reporting rising properties has hit a record high, according to the Business in Britain survey from Lloyds TSB Commercial Banking.

The report, which is based on the responses of more than 1,800 firms, 41% of companies reporter higher sales growth since January, compared to 37% at the same time last year. In Scotland, the figure was 50%.

Manus Fullerton, Director of Corporate and Commercial Banking, Lloyds TSB Scotland said: “2007 is shaping up to be a great year for businesses. Sales hit such a high in the first half that the prospects for further growth by the end of the year are very real - and the effect this has had on business confidence is clear for all to see.

“Firms may harbour fears about the future of interest rates and the chances of price increases may be slimming but even so, their outlook is positive.

“The findings from the Business in Britain survey echo the positive sentiments of our Scottish Business Monitor which also pointed to a confident market in Scotland with strong prospects for the remainder of the year.”

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