The recent slump in sterling should prompt a significant readjustment of the UK economy away from consumer spending towards exports, according to the EY ITEM Club winter forecast. But while economic growth will be better balanced it is also likely to be slower. The EY ITEM Club says that the
Tag: GDP
Reshoring could add 38,000 jobs to Yorkshire economy, EY report says
Yorkshire and Humber could be amongst the top UK regions to benefit from the positive impact reshoring could have on the country’s economy over the next tern years, according to new research from professional services firm EY. The report, Reshoring – Time to seize the opportunity, calculated that reshoring could contribute
Sheffield’s businesses praised for battling the recession
Sheffield area companies and organisations that have fought hard to grow and create jobs despite difficult trading conditions were praised today by a business leader. Richard Wright, executive director of Sheffield Chamber of Commerce, said their efforts had made a valuable contribution to the improvement in the economy and helped to
Sheffield Chamber of Commerce reacts to GDP figures
Commenting on the latest Gross Domestic Product (GDP) figures for Q1 in 2013, Richard Wright, executive director of Sheffield Chamber of Commerce said: “We have said for many weeks that plus or minus a few tenths of a percentage here or there is not significant. Whilst positive 0.3 percent is better
FSB’s first economic report of 2013
Small firms’ confidence has increased, but their investment intentions have fallen as the domestic economy and access to finance act as a barrier to growth, show the results from the quarter one 2013 ‘Voice of Small Business’ Index from the Federation of Small Businesses (FSB) The report, which surveyed 2,686 people
Yorkshire MD challenges “doomsayers”
A North Yorkshire MD has challenged fellow business leaders from the region to remain bullish, despite fears of a “triple dip” recession in the wake of the UK’s GDP figures released last week. Design and manufacturing firm GSPK Design Ltd spent the last quarter of 2012 completing deals which have helped