Conditions improving for UK businesses, BCC claims

Wednesday 3 April 2013

City of London

There are positive signs that conditions for businesses are improving, it has been claimed.

John Longworth, director general of the British Chambers of Commerce (BCC), noted that confidence levels are increasing, and export orders and deliveries are on the rise.

He was commenting after both manufacturing and services reported stronger balances for Q1 2013.

"This showcases the determination and ambition of our businesses here in the UK, despite continued pressures both at home and abroad," Mr Longworth stated.

However, he said the fact remains that the economy is still not strong enough.

"The fall in most employment balances is disappointing, and reminds us that a strong labour market cannot be taken for granted," Mr Longworth stated.

He called on the government to implement the supply-side measures announced in the Budget as quickly as possible, in order to get growth moving.

"Recent welcome steps to improve business access to finance, including the commitment to create a business bank, must be followed through without bureaucratic delays," Mr Longworth added.

He said the UK "should not be satisfied with a long and tortuous road to recovery".

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Posted by Dan Smith