The doom-mongers’ predictions have been dispelled with the growth figures demonstrating that the country is not back in recession.
The announcement that the economy is growing is excellent news. A 0.5 percent increase will help instil confidence in to industry in the UK.
It is all too easy for the country to talk itself into a recession. That is why it is important that business and commerce should take heart from the positive data.
The latest statistics demonstrate that markets are responding to the measures being put in place to get the country back on economic track.
However, we cannot be complacent. There is no doubt that hard work, vision and the ability to look for new opportunities and develop new products, processesand services will be needed to maintain the current economic momentum.
But I hope that the heartening news about the UK’s Gross Domestic Product from the Office of National Statistics encourages businesses to consider expansion and recruitment.
CONTACT: Helen Logan on 01325 363436
Notes to Editors:
Middleton Enterprises Ltd is a private investment company that has made a substantial contribution to the North East’s economy by investing in and providing business advice to entrepreneurial businesses.
During recent years, it has supported nine North East businesses, generally from start-up, usually taking a minority stake and offering strategic advice to support growth.
Jeremy Middleton was one of the founders of HomeServe plc in 1990, which represents the company’s core investment. A FTSE250 support services company, HomeServe has a market capitalisation in excess of £1bn.