CBI: UK showing 'right kind of growth'

Matthew Wilcox our consultant managing the role

The latest economic forecast from the Confederation of British Industry (CBI) suggests the UK's wobbly recovery from the downturn of the last few years is beginning to solidify, with investment opportunities for businesses on the rise along with increased merger and acquisition activity.

GDP is to grow by 2.6 per cent this year, which is an increase form the 2.4 per cent predicted by the CBI in November - this reflects a stronger-than-anticipated economic performance in the final months of 2013.

Furthermore, the recovery looks set to continue, with a GDP expansion of 2.5 per cent forecast for 2015. Business investment growth will move up to 6.6 per cent over the coming months, an impressive jump from the figure of -3.7 per cent recorded last year.

CBI director general John Cridland said the country is beginning to enjoy the fruits of "the right kind of growth", rather than the recovery built on shaky ground such as increased consumer spending that has been warned against by many analysts.

"In our view this is not a debt-fuelled, housing bubble-led recovery - our forecast shows encouraging signs that business investment and net trade are starting to play their part," he added.

"More businesses are feeling inclined to invest in new technology and advertising. We can also expect to see more companies coming to market to raise finance and an uptick in merger and acquisitions activity as animal spirits return."

This will be good news for financial services firms keen to take part in the ongoing economic revival, as they can play their role in offering support to businesses keen to build up their portfolios.

CBI chief policy director Katja Hall said it looks likely that borrowing costs will remain low and wages will rise at a faster rate than inflation.

This follows the latest Bank of England inflation report which confirmed that the Monetary Policy Committee intends to keep interest rates at 0.5 per cent for at least another year, offering much-needed stability to UK businesses.

11/04/16
posts

Related articles

What's the latest on recruiting senior finance and accounting professionals?
What's the latest on recruiting senior finance and accounting professionals?

Teaser

Finance & Accounting

Content Type

General

25/04/24

Summary

Over the years, we have developed a strong reputation as a leading Senior Finance and Executive Search firm. We’re proud to have well-established teams of finance and accounting recruitment cons

Teaser

Our employment update for senior accounting and finance professionals.

Read full article
Neil Burton

by

Neil Burton

Neil Burton

by

Neil Burton

How technology is impacting the future of risk and compliance jobs
How technology is impacting the future of risk and compliance jobs

Teaser

Governance

Content Type

Fintech

18/04/24

Summary

The role of risk and compliance in financial services  As a sizeable, growing portion of the financial services sector, risk and compliance play a vital role in ensuring that firms conduct busine

Teaser

With no signs of slowing down, strong risk and compliance is now more important than ever.

Read full article
David Clamp

by

David Clamp

David Clamp

by

David Clamp

What does the future hold for private equity?
What does the future hold for private equity?

Teaser

Executive Search

Content Type

General

18/04/24

Summary

Private equity (PE) is a growing industry that has always attracted ambitious top talent due to its high risk/high gain capital investment. Pre-covid, we saw the global private equity industry b

Teaser

Learn about emerging private equity job opportunities and more.

Read full article
Tracey Alper

by

Tracey Alper

Tracey Alper

by

Tracey Alper

jobs

Related jobs

Management Accountant

Salary:

Up to £45,000 per annum

Location:

Bracknell, Berkshire

Industry

Real Estate

Qualification

Part qualified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Management Accountant £45k. We are pleased to be working with an award winning property services company of close to £300m turnover as they search for a part qualified Management Accountant.

Reference

BBBH180496

Expiry Date

01/01/01

Nakita Kaur

Author

Nakita Kaur
Nakita Kaur

Author

Nakita Kaur
Find out more
Finance Operations Analyst

Salary:

£40,000 - £50,000 per annum

Location:

Chester, Cheshire

Industry

Consumer & Retail

Qualification

None specified

Market

Financial Services

Salary

£50,000 - £60,000

Job Discipline

Treasury

Contract Type:

Permanent

Description

Finance Operations Analyst in Securitisations | £50,000 | Chester | Hybrid

Reference

BBBH180492

Expiry Date

01/01/01

Megan Smith

Author

Megan Smith
Megan Smith

Author

Megan Smith
Find out more
Senior Accounts Payable Assistant

Salary:

£27,000 - £32,000 per annum

Location:

Harrogate, North Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Senior Accounts Payable role - Harrogate - Up to £30k!

Reference

BBBH180382

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Finance Manager

Salary:

£50,000 - £60,000 per annum + + Benefits

Location:

Glasgow

Industry

Property and Infrastructure

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Finance Manager required for well established real estate group!

Reference

BBBH180362

Expiry Date

01/01/01

Jaden Alie

Author

Jaden Alie
Jaden Alie

Author

Jaden Alie
Find out more
Business Advisory Tax Manager / Senior Manager

Salary:

£50,000 - £65,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£60,000 - £70,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Business Advisory Tax Manager or Senior Manager with a top 30 accountancy firm based in Leeds

Reference

BBBH180452

Expiry Date

01/01/01

Andy Craven

Author

Andy Craven
Andy Craven

Author

Andy Craven
Find out more
Valuations - Head of UK - Alts

Salary:

Negotiable

Location:

City of London, London

Industry

Investment Management

Qualification

Fully qualified

Market

Financial Services

Salary

£125,000 - £175,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Superfund expanding their Valuations department hiring a Lead for their non-property unlisted assets

Reference

BBBH180483

Expiry Date

01/01/01

Cliodhna Lynch Find out more
Senior Credit Controller

Salary:

Up to £35,000 per annum

Location:

Kingston Upon Hull, East Riding of Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£35,000 - £40,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Senior Credit Controller - Hull - £30,000

Reference

BBBH180478

Expiry Date

01/01/01

Cameron  Walsh

Author

Cameron Walsh
Find out more
View all jobs