Businesses in the UK and eurozone remain confident despite the recent credit crunch, claims accountants and business advisors BDO Stoy Hayward.
Following the volatility of the last three months, the decline in long-term and medium-term business confidence is slowing and the latest UK and eurozone Business Trends report reveals a healthy growth of figures on last year.
In the eurozone, figures are at a standstill from the last report, suggesting the credit crisis has had no effect on confidence, claims the firm.
"Our report indicates that the UK is emerging from the credit crisis with a robust economy," said BDO Stoy Hayward partner Peter Hemington.
"However the longer-term view for the UK may not be so rosy"
Concerns over political spending, the housing market, inflation and economy slowdown may affect future monetary policy committee, he warned.
Figures from the Lloyds TSB Corporate Markets Business Barometer revealed that confidence among UK firms grew in September, with 70 per cent expecting increased business activity over the next year.
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