UK Economy Continues to Gain Momentum

UK Economy Continues to Gain Momentum

UK Economy Continues to Gain Momentum

The UK economy appears to be continuing to gather strength, with the Confederation of British Industry’s (CBI) Growth Indicator report revealing a growth increase of 0.7% in the three months up until March. The report, which includes the accounts from 764 private businesses, found that private sector growth for January to March 2015 was up 18%, with retail, wholesale, motor trades and consumer services growing stronger in March than in the previous month. The business lobby group believe that the economy will continue to gain traction in the current quarter as its monthly survey suggested that manufacturing, business and consumer services companies – which have experienced a slowdown in growth from February – expect growth in the coming months. According to the CBI’s report, risks to this ... »