BCC: UK economy could strengthen in the short-term


    

The UK economy could strengthen in the short-term, according to the British Chambers of Commerce (BCC) Quarterly Economic Survey. After growing at a solid pace in 2013, signs point towards a positive year for the economy - news that is likely to spur further hiring among businesses.

For contractors, the news from the BCC indicates opportunities in the UK may be about to increase. Indeed, in Q4 it is estimated that GDP grew by 0.9 per cent. Services export balances and the employment sector are now at an all time high too.

However, the BCC highlights that there remains risks for firms looking to expand, as access to finance continues to be problematic. The body states that addressing this will be crucial for moving the economy forward.

John Longworth, director general of the BCC, said: "Firms across the board believe they can create jobs, invest, and export. It is especially pleasing that the spurt in the manufacturing has proven not to be a fluke, which demonstrates the dynamism of our small, high value, manufacturing sector."

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