Start-Ups More Pessimistic About Economy

Summary


The latest investigation of West Midland start-up businesses has unearthed a marked increase in pessimism, as the effects of interest rate rises and the prospect of property price slumps have hit home.

Second quarter figures from Ernst & Young's New Business Barometer show that the number of West Midlands start-ups predicting a worsening economy has risen to 38 per cent, from just 31 per cent in the first quarter.

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Start-Ups More Pessimistic About Economy

And those companies in the West Midlands predicting an improvement in the economy have slumped from 31 per cent to just 22 pe...

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