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Lloyds TSB reveals business confidence recovery There are some signs of improving business confidence, new figures indicate.

Businesses are largely optimistic about the future, according to new research.

Figures released by Lloyds TSB Corporate Markets Business Barometer show that just under two-thirds (65 per cent) of organisations questioned in October claimed to feel more confident about the economy now than they were three months ago.

In the September study, 61 per cent stated to have felt this way.

Meanwhile, 38 percent said that they expected an increase in business activity over the next 12 months.

However, 45% were looking to this when questioned in September.

Around half (47 per cent) told the firm - which includes the Lloyds TSB Business Account in its range of products - that they expect activity to stay the same, those searching for business bank accounts could be interested to hear.

Chief economist of Lloyds TSB Corporate Markets, Trevor Williams, said:"Business confidence has recovered sharply from the lows at the turn of the year, however it is still below its long-term average.”

Speaking to the Daily Post, Jeremy Salisbury, chair of the Confederation of British Industry (CBI) in North Wales, claims that the decision by the Bank’s monetary policy committee to invest an extra £25 billion into QE should help to ease the UK out of the recession and help to restore business confidence

Such figures follow recent comments by Dragons’ Den star Duncan Bannatyne that there needs to be greater access to business banking products for entrepreneurs.

In an article written for the Daily Telegraph he said that business credit cards and other lending products are slowly becoming harder to source.This, he states, has proved to be “particularly difficult” for small firms struggling to stay afloat.

Meanwhile, Stephen Alambritis, head of the Federation of Small Businesses, claimed that not only should banks provide more UK accounts and other finance products for businesses, they should also be more transparent about the fees they charge.