GfK surveyed 2,000 people for their views on the economic outlook in Britain today and the main reason for their positivity was the rise in employment and job opportunities.
The Confederation of British Industry, the CBI, agree with the GfK position, saying that Britain was benefiting from more financial stability around the world and confidence of businesses and consumers alike.
In addition to these reports, growth forecasts given by the British Chambers of Commerce (BCC) were adjusted upwards from 2.8 to 3.1 percent and they estimated that growth in the UK would continue on a similar trend into 2015.
In fact, the evidence supports this ‘feeling’ too. Growth of 0.8 per cent in the first three months of 2014 started the year off with positive news and this performance continued into the second quarter, with retail, professional services and consumer services all achieving good growth.
One word of caution from the BCC was that Britain’s economy relies heavily on consumer spending, which causes problems during economic recovery, especially if consumers are being squeezed.
Over all though, with businesses performing more strongly than ever, maybe now is the time to set the wheels in motion and move forward with the business venture you’ve been dreaming about.
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