‘Positive mood’ among businesses

THE Thames Valley Federation of Small Businesses has responded to today’s news of a rise in GDP of 0.8%.

Image courtesy of Thames Valley FSB

David Knowles Leak, Thames Valley Regional Chairman, Federation of Small Businesses, said: “The latest GDP figures back-up the positive mood small firms reported to the FSB in our latest small business index, which showed increased confidence and aspirations to create jobs. For the third quarter in a row, the growth has come from all sectors, which points to a rebalancing economy and should make for a more stable recovery. Our own figures show confidence rising across UK regions and this must be built upon.

“Much of the positive economic growth has come from the improved housing market and consumer spending. The recent hike in the cost of energy combined with real wages rising below current inflation levels will mean that households have less to spend. While growth is above the level reported before the UK dipped into a second recession, these figures are still some way below the pre-recession peak and the Chancellor must not be complacent. The Autumn Statement should cement this positive mood by helping businesses invest and grow.”

25/10/13