Iain Moffatt, UK Head of Regions at KPMG commented :
“Following positive news yesterday on unemployment levels falling, we now have further evidence today that the economy is getting stronger and it is good to see this increasing optimism among UK businesses and their investment plans being supported by UK lenders. This is consistent with our experience of significant improvements in liquidity in the credit markets and the results of our own survey of SME businesses across the UK. Whilst the general picture is of a loosening in the credit market, there is no room for complacency with only suitably framed proposals attracting interest from lenders.
“UK businesses still remain cautious with a gradual rather than explosive approach to their investment plans this year and having survived the recession, profitable growth is the number one priority.”
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KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.