Monday 12 October 2009

UK business climate improving, says turnaround survey

A survey conducted by PricewaterhouseCoopers (PwC) suggests that the business climate is improving in the UK.

The survey was conducted for turnaround specialists, currently engaged in turnaround projects. Two-thirds believed their current projects would be successful.

Most of the respondents felt that the economy would recover in the next six to 12 months, and 85 per cent noted that their key indicators for trading had flattened out or were on the upturn.

However, the very optimism portrayed by some businesses is standing in the way of some turnarounds succeeding, the specialists said.

It is my belief that desite all the bad news of the past two years - and especially the last 12 months - it is the optimism and pride in our own businesses that have kept many of us going.

And we will continue to battle through to make things come good again.

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