The Trends survey was conducted
in the first week of July, and shows an overall improvement in business
confidence Q1, albeit from a very low level.

Business sentiment regarding
future sales and future employment have also improved somewhat.

Regarding insurance costs, most
businesses are still experiencing premium increases.

The top concerns for SMEs in
this quarter are Economic Uncertainty at 83%, Brexit at 43% and Insurance Costs
at 26%. Reduced Orders have jumped to 47% as a Q2 concern, clearly driven by
COVID-19.

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