The economy

Chancellor urges banks to up business lending

The Chancellor, George Osborne has called on the UK’s banks to improve the level of access that smaller firms have to finance.

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Growth in manufacturing may not last in the longer term

UK manufacturing is enjoying a sharp rise in output, but the trend may not be a lasting one, a new report has warned.

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Increase in risk of a second recession, says think-tank

The chances of the UK economy entering a second recession next year have risen, according to the National Institute for Economic and Social Research (NIESR).

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UK economy shows quarterly surge in growth

The UK economy expanded at twice the forecast rate during the second quarter of the year.

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All start-ups should get NIC holiday as confidence stays fragile

A leading business group has urged the government to extend the promise of a national insurance contribution holiday for new businesses right across the country as a new survey shows business confidence in decline.

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Jobs outlook could be hit if growth falters marginally

The UK labour market could face a five-year jobs deficit if the growth predictions of the Office for Budget Responsibility (OBR) are just slightly weaker.

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New businesses can boost recovery, says report

A study by a leading think-tank has claimed that reducing the obstacles to starting up a new business could push up economic growth significantly over the coming years.

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Economy growing but concerns remain

The UK economy continued to grow in the second quarter of the year, but the recovery is still fragile, a new report has revealed.

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Government to set up regional growth fund

Plans have been announced to establish a growth fund worth £1 billion to support business and economic development in those English regions likely to be hit by public spending cuts.

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