UK recovery 'is outpacing eurozone'
The British economic recovery is leaving many eurozone countries in the shade as confidence soars among UK businesses and the financial services sector continues to enjoy improved operating conditions.
Some economists feel the UK could be the world's fastest-growing developed economy over the coming years, surprising those analysts who felt the country would continue to struggle despite its deficit reduction plans, reports the Financial Times.
Eric Chaney, chief economist at French-based insurer Axa, told the newspaper his team anticipate further (positive) surprises from the British economy in the coming months - although, as this unexpected upsurge has highlighted, predictions are a difficult game in such a mercurial atmosphere.
Robust credit growth and an increasingly flexible labour market are two reasons for optimism, suggested Mr Chaney.
Furthermore, despite the concerns expressed by various business bodies over the last few months, he argued that investors are unlikely to feel there is any serious possibility of the UK leaving the EU, at least in the near future.
Axa sees foreign investors "playing the domestic side of the economy" as stronger growth and the value of the pound encourage more consumption across the country.
"By contrast they are not interested in UK companies producing or trading commodities because the global outlook for commodities is bleak," he added.
Jiang Jianqing, head of Industrial and Commercial Bank of China, recently told the newspaper that London's status as a global financial hub is a major reason for the UK's attractiveness to external investors.
"Of course the UK itself also has very big investment needs, and its industrial base and financial system are also highly developed.," he added.
Optimism in the British economy was also clear in the latest Boardroom Bellwether report from the Institute of Chartered Secretaries and Administrators, which canvassed the views of FTSE 350 firms.
Some 87 per cent of companies have a plan for engaging with their investors, while 80 per cent anticipated a positive change in the UK's economic conditions over the next 12 months. Only two per cent expected a decline.
Signup to receive the latest discipline specific articles
Related jobs
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
Author
Nathan JonesAuthor
Nathan JonesSalary:
£100,000 - £120,000 per annum + bonus and benefits
Location:
Crawley, West Sussex
Industry
Business Services
Qualification
Fully qualified
Market
Executive Search
Salary
£100,000 - £125,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is working with a rapidly growing PE-backed buy-and-build B2B business
Reference
TA 3428
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£160,000 - £180,000 per annum + Equity, Bonus and Benefits
Location:
North West England
Industry
Education
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is currently working with a PE-Backed Education Business seeking an experienced CFO
Reference
TA 3427
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
Equity, Bonus and Benefits
Location:
London
Industry
Healthcare
Qualification
Fully qualified
Market
Executive Search
Salary
£125,000 - £175,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is partnering with a dynamic, PE-backed Multisite Healthcare Services business to recruit a CFO.
Reference
TA 3426
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£400 - £475 per day
Location:
London
Industry
Private Equity
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£350 - £450
Job Discipline
Qualified Finance
Contract Type:
Contract
Description
PE-backed SME seeks Interim Financial Controller for financial ops & strategic planning. Strong data analysis & PE experience required.
Reference
BBBH183888
Expiry Date
01/01/01
Author
Jaden AlieAuthor
Jaden AlieSalary:
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
Author
Harry LathamAuthor
Harry LathamSalary:
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
Author
Aleksandra TaranovskajaAuthor
Aleksandra TaranovskajaSalary:
£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
Author
Cameron WalshAuthor
Cameron WalshSalary:
€100,000 - €110,000 per annum
Location:
Dublin City Centre, Dublin
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£80,000 - £100,000
Job Discipline
Project & Programme Management
Contract Type:
Permanent
Description
Programme Director - Financial Services - Dublin
Reference
BBBH183758
Expiry Date
01/01/01
Author
Cillian McevoyAuthor
Cillian McevoySalary:
€70,000 - €85,000 per annum
Location:
Dublin City Centre, Dublin
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Change Management
Contract Type:
Permanent
Description
Financial Services Strategy Consulting Manager- Dublin
Reference
BBBH182070
Expiry Date
01/01/01
Author
Cillian McevoyAuthor
Cillian Mcevoy