Small firms still ‘traumatised’

Towergate’s Peter Cullum has warned that too many businesses are "traumatised" by the recession and are failing to prepare for the future, the Telegraph reports

"A lot of businesses are traumatised by the shock of what has happened in the last two years. It's all keeping our costs to a minimum and fingers crossed and hoping things will get better. I can understand it but its almost an abdication," he said.