A new study from Lloyds TSB Commercial suggests that British businesses are still reeling from the effects of recession and are as such ill-prepared to face a return to economic growth.

The research reveals that a third of firms (31%) have not taken any steps whatsoever to prepare their business for the upturn, while 36% don’t believe they need to do anything to ensure their business is ready to benefit as the recovery starts to gain momentum.

Amongst the 31% of firms that have not taken action to prepare for a recovery, 17% stated they hadn’t thought about it. However, 43% recognised … Continue Reading