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UK Economy to grow in 2014

UK Economy to grow in 2014

The BCC Has stated the UK economy to grow in the next year.

The British Chambers of Commerce (BCC) is stating the UK’s economy is set to strengthen in the coming year.

Looking at important indicators coming from over 8,000 businesses it shows that the factors are higher than the crisis in 2007. Specifically manufacturing sectors, showing orders and employment are at all time highs.

John Longworth, director general of the BCC said: “It is a fantastic to start the New Year with a very positive quarterly survey. Firms across the board believe they can create jobs, invest, and export.

“It is especially pleasing that the spurt in manufacturing has proven not to be a fluke. But businesses have major ambitions, and to be able to meet them, more support must be provided,” he said.

The findings predict the UK economy to grow by 0.9% in the fourth quarter. The BCC has also said that they expert “higher full-year growth in 2014”

This is excellent news for UK business and shows the conservative recovery might just be working after all.

 

Written by Robert Carter

Robert is Capital Office's Head of I.T & On-line Digital Marketing. Having worked with Capital Office for almost 8 years he has a great understanding of what is important to our clients and how best we can deliver this through a digital platform.

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