Small businesses 'need to get used to investment risk'
Published Date: 06/06/2012 11:55:56
Small business insurance customers have been told they need to get used to the considerable level of risk involved when making investments.
John Longworth, director-general of the British Chambers of Commerce - a network of Accredited Chambers of Commerce in the UK - has explained companies have to factor this into their plans because the UK is unlikely to return to its pre-recession state anytime soon.
Mr Longworth said it is important firms come to terms with the new trade environment and consider this when beginning to invest again.
He stated: "We're saying to businesses now that the new norm is to have a level of uncertainty."
A lack of confidence in the eurozone has led to the economy struggling to find its feet so far in 2012, the expert pointed out.
Therefore, the absence of any unexpected dips in Europe could result in much stronger growth being in the pipeline for the UK economy in 2013.
Latest NewsMore Articles
Schools want safe local roads
13/05/2013: Brake finds that 92 per cent of primary schools want safety improvements on local roads. Read More
Vince Cable gives word of of three more Regional Growth Fund awards
13/05/2013: Business secretary gives word of trio of new awards from the Regional Growth Fund. Read More
Expert gives some important reminders about drink driving
10/05/2013: "Leave the car at home if you plan to celebrate with a drink," says motoring expert. Read More
Personal insurance advice for technology users
08/05/2013: Martyn Foulds from Halifax Home Insurance has a useful personal insurance recommendation for consumers. Read More