According to recent research by the British Chambers of Commerce and Royal Mail, 35% of businesses anticipate growth in the coming year, primarily fueled by domestic demand and online sales. The survey, which included 1,200 SMEs, indicated that urban businesses are more optimistic compared to rural ones. Technologies like AI are becoming increasingly used among SMEs, and a significant rise in online sales is expected. Policymakers are urged to enhance digital and transport infrastructure to support this growth.
This is undoubtedly a challenging time for businesses, but our research shows some glimmers of hope. Strong domestic demand, powered by online sales, can help UK firms grow over the coming months.
We know that when businesses have the right technology, and logistic support, the pathway to growth is clearer. We're continuing to urge policymakers to improve digital and transport infrastructure to break down barriers, particularly for SMEs.
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