Most UK businesses expect to grow in new year, surveys find

Results from research by the high street bank Lloyd and data collated by the accounting group KPMG appear to contradict other recent business polls. Photograph: Andy Rain/EPA

A majority of UK businesses expect a positive start to 2025, according to two economic confidence surveys which show managers planning for growth after a challenging period for the economy.

About 70% of UK businesses expect their turnover to increase over the next year, up from 62% in December 2023. Meanwhile, 73% are confident of greater profitability, according to research from Lloyds bank.