UK entrepreneurs less confident about growth than US counterparts

Posted under: MSME
Date: 2023-11-14
UK entrepreneurs less confident about growth than US counterparts

UK microbusiness owners are significantly less optimistic about their national economy and individual growth prospects than their US counterparts, according to a new GoDaddy study of digital and online microbusiness owners. The findings, published today, come from Venture Forward, an international research initiative by GoDaddy that analyzes data from more than 20 million British and American microbusinesses—those with an active website and most often fewer than 10 employees. It reveals that there is 50% higher confidence in the US than in the UK, with 60% of US microbusiness owners stating they have confidence in the economy, compared to just 42% of Brits who have faith in the British economy. Furthermore, 72% of American entrepreneurs are positive about their business prospects, compared to 55% of Brits. Despite this, GoDaddy's figures show that British economic confidence has improved since the start of the year.

Read more at: finance.yahoo.com