More than half of British business owners see high interest rates as a threat to their business, new research has found.
New research from Charles Stanley has found that 54 percent of business owners think the latest recession was an opportunity for entrepreneurs in the UK, and 51 percent think British entrepreneurship is about to boom.
Of the 500 British business owners surveyed, 64 percent started their own business as an entrepreneur, while 20 percent inherited a family business – the rest came into the ownership through other routes.
With the UK general election looming, well over two fifths (45 percent) of business owners think that a change of UK Government is an opportunity for their business.
The survey found that 63 percent of business owners see artificial intelligence (AI) as an opportunity for their firm, while 17 percent consider it a threat.
Other areas where a sense of opportunity significantly outweighs being a possible threat include increased diversity in the workforce (65 percent), …