Private wealth boosted by trade confidence?

People with an interest in private banking may encouraged to learn that new figures have shown businesses are becoming increasingly confident of the UK's trading outlook.

Statistics by Travelex revealed optimism among importers and exporters rose significantly in November, reaching its highest level in eight months.

Enterprises were said to be boosted by the announcement that trade played a central role in strengthening the UK's economic growth in the third quarter of 2010, with 70 per cent of firms now claiming they are positive about current market conditions.

David Sear, global managing director at the organisation, called on the government to maintain support and resources for enterprises involved in the sector.

He remarked: "Their increasing confidence will be good news for the OBR [Office for Budget Responsibility], who have presented some bullish trade forecasts for 2011."

Last month, the OBR stated the economic recovery is likely to be more sluggish than in the recessions of the 70s, 80s and 90s. ADNFCR-2318-ID-800276554-ADNFCR