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Downturn has improved efficiency, small firms claim

Research by Barclays Local Business has revealed that some 61% of business owners surveyed think that the recession has made their business more efficient despite the adversities they have faced.

Other positives experienced include improvement to business strategies, which was reported by a quarter of respondents. Steve Cooper, managing director for Barclays Local Business, said: "UK firms have taken a pragmatic approach by tackling head-on the big challenges such as improving their business strategy, increasing innovation and focusing on their employees."

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