Almost two thirds of UK businesses report higher revenues than last year

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Higher revenues for British businesses

The domestic business scene has received some morale-boosting news with 64 per cent of UK companies reporting higher revenues than last year in the eighth annual American Express/CFO Research Global Business and Spending Monitor.

The research’s findings put the UK at the spearhead of a broader European upturn, with 58 per cent of the continent’s businesses reporting higher revenues this year.

According to the study, predictions for the broader economic outlook have become bleaker – with 74 per cent expecting to see modest or substantial economic expansion in the UK over the next 12 months, as compared to 93 per cent last year – yet UK business leaders seem more inclined to spend, as a way of restoring fiscal health, than to cut back: 74 per cent of companies plan for moderate or aggressive spending and investment over the next year.

See a full version of the report here

About author

Nick Scott

Nick Scott

A former editor-in-chief of The Rake and deputy editor of the Australian edition of GQ, Nick has had features published in titles including Esquire, The Guardian, Observer Sport Monthly and Rolling Stone Australia and is a contributing editor to Director magazine. He has interviewed celebrities including Hugh Jackman, Daniel Craig and Elle Macpherson, as well as business people including Sir Richard Branson, Charles Middleton and Nick Giles and Michael Hayman MBE.

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