Businesses in Yorkshire and the Humber are more optimistic about the UK’s economic future than the national average, according to the insolvency trade body R3.
The organisation says 50 per cent of Yorkshire and the Humber businesses agree with Chancellor George Osborne that the UK economy has gone from rescue to recovery, compared with only 42 per cent nationwide.
Yorkshire R3 committee member Gareth Self says: “There has been plenty of positive economic news recently, but it’s important that we don’t forget that a lot of businesses, small businesses in particular, still feel they have significant hurdles to overcome.
“Now isn’t the time for complacency. Larger businesses may well be confident that they can ride out any remaining bumps on the road to recovery, but small businesses still face significant pressures, whether it’s access to finance or simply the pressures of growing demand.”
R3 says 25 per cent of businesses in the region are experiencing at least one of the sign of business distress – well below the national average of 35 per cent,while, 69 per cent report at least one sign of growth, compared with 53 per cent nationwide