A recent survey of chartered accountants has revealed that conditions for starting a business have deteriorated over the last 12 months. But there is hope that things will improve over next 12 months.
Only 23% of the 1,000 chartered accountants polled said that economic conditions were more conducive to starting-up than they were this time last year. Meanwhile, more than half thought conditions had worsened.
However, respondents were more confident about the economy in general. Some 42% thought it would accelerate in the next 12 months, against 34% who thought it would slow down.
The survey was conducted by the Institute of Chartered Accountants (ICA) and Alliance and Leicester Commercial Bank. It is the first in a planned series of quarterly snapshots.
For the full story visit the British Chambers of Commerce web site at http://www.chamberonline.co.uk/cmn/ml.jsp?id=000005618805
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Institute of Chartered Accountants