UK SMEs Lose Confidence Despite Revenue Optimism

Fintech lender iwoca reports that UK small and medium-sized enterprises show waning national economic confidence in early 2026, with only 38% optimistic versus 51% a year earlier, based on a survey of 1,005 SME leaders. Hiring intentions fell to 45% for 2026 even as 72% expect higher turnover and 66% express enthusiasm about AI, raising concerns for growth and recovery.