Most UK firms believe the economy is displaying signs of recovery, according to a new survey from commercial recruiter Tate.

The research shows that 67% of firms were increasingly optimistic that growth will return around the end of this year.

Jo Edwards, managing director at Tate, says: “Although the movement in the market is marginal, it is now heading in the right direction and businesses that accelerated their strategic initiatives to defend against market fall, will see the benefits once the recession has ended.”