Partner Article

Response to GDP Figures by Hampshire Trust Bank

Mark Sismey-Durrant Chief Executive Officer at Hampshire Trust Bank comments…

Today’s GDP figures are positive news for UK SMEs and we urge smaller businesses, the engine room of the UK economy, to remain positive about the longer term. Our recent SME Savings Tracker research revealed that businesses are building up cash reserves, with 30% saying they intended to increase the amount of money in business savings following the outcome of the EU Referendum. This cautious approach is understandable given the uncertainty surrounding Brexit, however, we need SMEs to invest in their businesses for the long term in order to continue to drive the UK economy forward.

This was posted in Bdaily's Members' News section by Hampshire Trust Bank .