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"UK Seeing Right Kind Of Growth"
by Guest Tue Feb 11, 2014 1:26 pm
11th February 2014
Great news.
The UK economy is starting to see the right kind of growth, says employers' organisation the CBI.
"Our forecast shows encouraging signs that business investment and net trade are starting to play their part," said CBI boss John Cridland.
He said the recovery was not a "debt-fuelled, housing bubble-led recovery", as some economists have feared.
However, Mr Cridland warned that political uncertainty ahead of the election could be a real "mood killer".
"There is no doubt that business leaders are concerned about political uncertainty as we enter a lengthy election campaign," he said.
"This could be a real mood killer when business leaders are faced with making big investment decisions in the months ahead."
Export hopes
The CBI, which represents some 240,000 businesses, predicts that business investment growth will rise at its fastest rate since 2007, helped by improving confidence amongst businesses and low borrowing costs.
In addition it is predicting that export growth will strengthen as the eurozone and the broader global economy pick up.
http://www.bbc.co.uk/news/business-26128700
Great news.
The UK economy is starting to see the right kind of growth, says employers' organisation the CBI.
"Our forecast shows encouraging signs that business investment and net trade are starting to play their part," said CBI boss John Cridland.
He said the recovery was not a "debt-fuelled, housing bubble-led recovery", as some economists have feared.
However, Mr Cridland warned that political uncertainty ahead of the election could be a real "mood killer".
"There is no doubt that business leaders are concerned about political uncertainty as we enter a lengthy election campaign," he said.
"This could be a real mood killer when business leaders are faced with making big investment decisions in the months ahead."
Export hopes
The CBI, which represents some 240,000 businesses, predicts that business investment growth will rise at its fastest rate since 2007, helped by improving confidence amongst businesses and low borrowing costs.
In addition it is predicting that export growth will strengthen as the eurozone and the broader global economy pick up.
http://www.bbc.co.uk/news/business-26128700
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