View more on these topics

“The worst is over” says BCC

The pace of the decline in Britain’s economy is easing, according to the British Chambers of Commerce (BCC) Quarterly Economic Survey.

Each quarter the BCC surveys over 5,000 businesses, and in its report for the second quarter it concluded that “the worst phase of the recession is over.”

While all the key balances remained in negative territory in the quarter, the BCC reported that “the most critical national balances improved… for both manufacturing and services”.

The improvement in the manufacturing sector’s balances was aided by rises in the net balance in home sales and home orders.

The BCC says that confidence levels remain weak by historical standards and that the recent improvement “can only be sustained if the economy continues to stabilize and the recession ends.”

The report adds: “Talk of a recovery is premature. Further corrective measures are needed to support the economy… Sustaining the recovery, and preserving Britain’s international credit rating, depends critically on the adoption of a credible medium-term strategy for improving our public finances and nurturing wealth-creating businesses.”


Related Articles:
British manufacturing output hits 13-month high
British unemployment hits 12-year high


____________________



https://Twitter/fundstrategy


Fund Strategy is now live on Twitter at https://twitter.com/fundstrategy


Recommended

Level headed

It is very easy to forget just how quickly changes in the mortgage industry have taken place, significantly altering the way in which products and services are delivered to the consumer and giving those consumers assurances as to the standard of service they receive.

HMRC figures for £150,000 pay band reinstated

HMRC has reinstated information showing the number of people in the earnings’ band affected by pension tax relief changes after it disappeared from the website following the Budget announcement.

IFA consolidator buys wealth firm

IFA consolidation vehicle Perspective Financial Group has bought McGregors Wealth Management. MWM has an annual turnover of £500,000 and funds under management of £20m.

In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com