|
|
Business confidence is on the up, with IT the most confident sector, according to the latest study from the Institute of Chartered Accountants of England and Wales (ICAEW).
ICAEW’s UK Business Confidence Monitor (BCM) showed a ‘record’ rise in confidence, from -28.2 per cent to +4.8 per cent – the highest recorded since Q3 2007. Based on the results, the organisation predicts that GDP will rise 0.5 per cent this quarter.
Michael Izza, Chief Executive of the ICAEW, said: “This quarter’s BCM suggests that the UK recession is at an end. While there is no doubt the UK economy is on its way to recovery, we shouldn’t underestimate the challenges ahead for businesses.
|
|
