Do more for growth, urge businesses

businesses remain positive about growth but are looking to the Government to create an environment to drive future expansion, according to a survey carried out by YouGov on behalf of accountancy firm KPMG.

Nearly three-quarters – 72 per cent – of organisations say the opportunity for growth exists for their business despite austerity measures, but business indicated that the government could be doing more to encourage prosperity.

Two thirds were concerned about the impact of the Budget upon their company and 52 per cent of businesses stated that over-complex rules and regulations were the greatest obstacle to growth.

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The survey, which canvassed views of over 500 UK businesses employing 10 people or more, also showed that 43 per cent of respondents felt that access to bank funding remained a problem.

Despite the ongoing challenges, UK business is focused upon exploiting the opportunities by continuing to invest and expand, said KPMG.

The national survey of 502 companies revealed some good news for employees as 59 per cent of respondents said staff will get a pay rise this year.

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