Confidence in the UK economy soars

A recent CBI/ KPMG London Business survey showed that employers were more positive about the outlook of the economy compared to three months ago. With many businesses planning to expand and grow over Q3 and Q4 2013, employers felt concerned about the lack of expansion of infrastructure to facilitate this.

The top three concerns from businesses are the lack of economic growth, uncertainty about global economic prospects and a lack of a clear government strategy to deliver growth. Meanwhile, the Confederation of British Industry, is calling on the government to increase investment into infrastructure because its members doubt the effect current policies will have on the current economy. However, with industry set to rise and invest into the economy, investment into SMEs should become more common.

More information about the CBI’s report and an infographic can be seen below.

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