UK business optimism hits eight-year high, Lloyds says

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 75 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Explore stories from Atlantic Canada.

LONDON - British businesses are their most confident in eight years and their hiring plans are the strongest since 2017, according to a survey published on Friday that added to signs of a recovery in the economy as a national election approaches.

The Lloyds Bank Business Barometer jumped by eight points to 50% in May, its highest since November 2015, boosted by optimism among companies about their prospects after a fall in inflation and growing expectations of lower interest rates.However, in a reminder of the inflation pressures that the Bank of England is watching as it considers when to cut rates, more businesses told Lloyds that they expected to increase their prices for the second month in a row.

Britain's economy emerged from a short and shallow recession in early 2024 but so far that momentum has not translated into increased support in opinion polls for Prime Minister Rishi Sunak's struggling Conservative Party before a July 4 election. A survey by the Recruitment and Employment Confederation, covering the three months to the end of April, also showed a pick-up in confidence among employers who were the most positive in two years about the economic outlook. Investment and hiring intentions jumped too.

It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action. Please consider joining us in this mission by becoming a member of the SaltWire Network and helping to make our communities better.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 45. in BE

Belgique Dernières Nouvelles, Belgique Actualités