SMEs fear gloomy economy

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More than one in ten small and medium-sized British businesses have considered closing down in the last three months, because of the recession, according to a new SME Risk Index produced by Zurich.

The global insurer adds that 84 per cent of SME bosses say they are either fairly or very concerned about the UK economic climate and almost 70 per cent don’t think the economic situation will improve over the next year.