You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

UK economy gathering strength

Matthew Wilcox our consultant managing the role

The gloomy air surrounding the UK's economy has lifted to some extent with the news that business confidence has risen to pre-recession levels, sparking suggestions that the country could be lifting out of its current slump.

According to the latest quarterly report from the British Chambers of Commerce (BCC), service export deliveries balance rose to 36 per cent this year, the highest level since the survey began in 1989, while the majority of other metrics also showed a degree of improvement.

Businesses are expecting to make greater profits in the second half of the year, while employment balances looked stronger in both the manufacturing and services industries.

BCC director general John Longworth described the results as "incredibly encouraging" but stressed that there are still a number of risk factors that need to be considered when it comes to making growth predictions.

He pointed to falls in the service investment balances and the poor cashflow balances in both services and manufacturing as potential causes for concern, warning that any economic growth could be slow and gradual.

"It must be recognised that recovery will only be turbo-charged if we can create a truly enterprise-friendly economy here in the UK," the BCC director general added.

To do this the government must deliver the infrastructure improvements alluded to in the latest spending review, support exporters who want to enter new markets, make finance available to growing companies and commit to supporting the private sector, concluded Mr Longworth.

BCC chief economist David Kern also struck a relatively cautious note, despite the positive data contained in the report. He pointed to a decrease in stimulus in the US as something that could have a knock-on effect on the UK's attempts to drive economic growth.

However, more good news has emerged from the services sector, with Markit's monthly study indicating that business activity grew faster over the month of June than it has done for the last two years.

This has inspired hopes of a broad-based economic upturn, which could be positive for the financial services sector.

11/04/16
jobs

Related jobs

Specialist FSSC

Salary:

Up to €60,000 per annum

Location:

Rotterdam, South Holland

Industry

Energy, Resources and Industrial

Qualification

None specified

Market

Professional Services

Salary

£50,000 - £60,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Als Specialist Financiële Processen SSC binnen een toonaangevende organisatie draag je zorg voor een efficiënte en effectieve afhandeling van financiële administratieve processen.

Reference

BBBH184301

Expiry Date

01/01/01

Aram  Outmaijjer Find out more
Head of FSSC

Salary:

Up to €84,000 per annum

Location:

Rotterdam, South Holland

Industry

Manufacturing

Qualification

Fully qualified

Market

Professional Services

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Ben jij een financiële professional met sterke analytische vaardigheden en een strategische visie? Heb je een passie voor procesoptimalisatie en het verbeteren van financiële dienstverlening?

Reference

BBBH184300

Expiry Date

01/01/01

Aram  Outmaijjer Find out more
Group Reporting Manager

Salary:

£65,000 - £73,000 per annum + Excellent Benefits Package

Location:

Manchester, Greater Manchester

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Exciting Group Reporting Finance Manager for a leading retail organisation based in Manchester offering hybrid working paying circa £70,000.

Reference

BBBH184314

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Transactional Finance Manager

Salary:

Negotiable

Location:

Horsham, West Sussex

Industry

Technology

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Our high growth client in the tech/SAAS industry are looking for a new Transactional Finance Manager to join their finance team.

Reference

129384

Expiry Date

01/01/01

Harry Latham

Author

Harry Latham
Find out more
Tax Accountant

Salary:

Up to £45,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH184306

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Credit Controller

Salary:

£30,000 - £32,000 per annum

Location:

Leeds, West 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

Credit Controller in Leeds

Reference

BBBH184266

Expiry Date

01/01/01

Cameron  Walsh

Author

Cameron Walsh
Find out more
DMS Developer

Salary:

Up to £36,000 per annum

Location:

City of London, London

Industry

Professional Services

Qualification

None specified

Market

Professional Services

Salary

£35,000 - £40,000

Job Discipline

Software Development

Contract Type:

Permanent

Description

DMS Developer

Reference

BBBH184283

Expiry Date

01/01/01

Shammi  Choudhury Find out more
View all jobs