The majority of the UK’s SMEs are bullish about their prospects in ‘the worst recession in living memory’, according to new research from business insurance provider Hiscox.

More than half (54%) of UK SMEs report that they are confident their business will survive the downturn and almost half (48%) claim that they have taken no additional measures to ride out the downturn.

Among those who have taking action to survive the downturn, almost nine out of ten (88%) reported that they have not enforced salary cuts, while 87% have continued with bonus payments. Furthermore, more than four in five (85%) have … Continue Reading