Cautious optimism prevails throughout small and medium businesses, a new report finds.

My HR data reveals almost two thirds of companies expect revenue to improve in next year and 60 percent of businesses expect to raise salaries in the coming months.

My HR chief executive Jason Ennor says many of these businesses feel that they've reached rock bottom- and it's all up from here.

"We have seen an alarmingly high number of businesses go to the wall, but those that have survived, those that are still there, those that we surveyed and spoke to- they're quite optimistic." 

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