UK growth slowing: CBI
The Confederation of British Industry's growth indicator fell to +19% in February, signalling that UK businesses expect the economy to post another strong quarter of growth in the first three months of the year, albeit at a slower pace that enjoyed during early 2014. The CBI said the tick down from January's +24% figure reflected a slowdown in the retail industry, which had been offset slightly by a rise in manufacturing and services. Whilst grocers and department stores in particular have felt the pinch, they remain confident about their near-term prospects. Looking forward, the CBI's outlook indicator also fell, dropping from +28% in January to +26% in February. The data comes as economists polled by Bloomberg predicted that despite a slowdown in GDP growth to 0.5% in the final quarter of 2014, output will rise by 0.6% in the first and second quarter of 2015, maintaining the UK's superior performance to that of the Eurozone.
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.
If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…
More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…