“UK SMEs are a vital contributor to boosting GDP and they remain in robust shape as a strong Sterling is driving a more prosperous market. With many global economies in a state of volatility and the UK’s recovery remaining fragile, confidence amongst SMEs is steady and our latest survey shows that cost-inflation amongst SMEs is at its lowest since 2009, further helping small businesses to continue their recovery.
“Whilst today’s figures show a slowdown in GDP growth in the last quarter the outlook for the UK economy is still positive, with growth across key sectors such as manufacturing, construction and financial services continuing. There has been a number of significant political and economic events in the last quarter that will have temporarily impacted our steady climb towards recovery, but our view remains positive for the UK’s long-term recovery.”
For further information, journalists can contact:
Christina Bridge, Cicero Group
020 7947 5317 or 0790 0242 823
Notes to Editors:
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