Friday, 10 January 2014

Review of the economy shows surge in investment, orders and jobs

Great evidence of the revival of the British economy this week:

Car sales are up 11%, and the British Chamber of Commerce has this week released its Q4 survey showing a startling surge in investment, orders and employment. You can read it HERE

Good news for our plan for a ‘balanced’ recovery: manufacturers’ capacity use, and confidence are at the highest since the survey began in 1988. The upshot, as Citibank have commented, is that the UK economy will likely grow far faster this year than Osborne’s cautious official expectation. He will most likely have another healthy upgrade to announce in his next budget; growth of more than 3 per cent this year is expected with massive consequences for jobs.