After years of trudging through negative news about the British economy, this week has seen yet another batch of increasingly positive figures suggesting a slow but steady climb out of the murky depths of recession.
Indeed, good news has dominated headlines about the UK’s economic recovery of late and today (14 May) the Bank of England has confirmed that the economy "has started to head back towards normal". As such, in its latest inflation report, the Bank of England has increased its growth predictions by 0.2 per cent to a figure of 2.9 per cent growth next year. The Office for National Statistics (ONS), meanwhile, has revealed that unemployment has dropped to its lowest level for more than five years.
The ONS figures, it would appear, have a lot to do with the hiring habits of Britain’s small businesses; Management Today has said that there are clear and bold intentions from SMEs to take on more staff in the coming quarter. An article on the website today said: “The difference between the percentage of small firms planning to hire, rather than the percentage planning to fire, was +52 [among small businesses], compared with +11 for bigger businesses.”
The desire to bolster the workforce is indicative of returning confidence about what the future holds – this is something that can also be an influential factor when it comes to buying businesses. Naturally, the question of raising the funds for an acquisition, not to mention finding the right business to buy, will remain integral in this process, but the fact that Britain’s small businesses have an optimistic view of their own future lays the foundations for inorganic expansion.
An economic recession usually creates an interesting environment for buying a business – while more companies find themselves in a state of financial distress, both the confidence and capital required to capitalise on this by purchasing the distressed companies is often lacking. However, as Britain’s economy turns the corner towards prosperity, the climate could be right for companies to look to business acquisitions as a viable method for growth. 
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