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Surge in business confidence as more firms plan to recruit

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Business confidence in the East of England rose ten points during June to 36 per cent - the highest level recorded for over three years – and more firms are planning to recruit staff in the coming year, according to a Lloyds Bank Commercial Banking business barometer survey.

Firms in the East saw confidence in their own prospects jump by 13 points to 38 per cent. Their optimism on the overall economy also rose. Meanwhile, a net balance of 21 per cent of businesses in the region expect to boost staff levels over the next year, up six points on May. Overall, UK business confidence remained steady at 33 per cent. However, nationally, the delay in easing restrictions may have knocked confidence in some areas, particularly amongst retailers and manufacturers.

Dave Atkinson, regional director for the East of England at Lloyds Bank Commercial Banking, said: “The East of England has one of the most robust economies in the UK and despite the challenges of the past 18 months, businesses in the region have remained resilient. With restrictions continuing to ease and the prospect of a return to normality on the horizon, it’s clear firms’ hard work and patience is paying off, with confidence soaring to the highest levels recorded for more than three years."

Last Updated ( Tuesday, 20 July 2021 08:22 )