Small companies hoarding cash says Bank
Plan for small businesses to accumulate the what species they have in the next year instead of investing, a survey conducted by the performances of the Bank of England.
Regional officers interviewed 440 companies for how Bank have implemented their cash reserves.
The majority of firms had increased their assets cash above normal levels in the past year, including major companies and manufacturers.
Companies quoted higher profits and a desire to build a buffer to protect the uncertain environment negotiation and credit.
The survey revealed that a small net balance of businesses would reduce their balances by large service companies looking to invest or to refinance the next year.However, manufacturers and small businesses aimed at maintaining their pile of cash next year.
In their monthly regions officers also reported a continuous peak of private sector confidence.
Manufacturers and service plans to invest more companies were enjoying "strong growth" request export products, they said.
Domestic demand has also increased, but more "modest", while confidence in the construction sector had denied that public spending cuts begins to sentir.Dans all companies surveyed said remains "cautious" about hiring more people.
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