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The economy

Business groups increase economic growth predictions

The UK economy will grow by 3.1% in 2014 and 2.7% in 2015, according to the British Chambers of Commerce.

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Service sector optimism increases

Businesses in the service sector want to take on more staff as optimism rises, according to research from the Confederation of British Industry.

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Two million homeowners plan to downsize

Up to 2.3 million homeowners aged 55 and over expect to sell their homes to raise finance, research from Prudential has shown.

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Scottish retail sales rise 1.9%

Scottish retail sales rose 1.9% in the year to April 2014, according to research from the Scottish Retail Consortium.

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Retail sales growth at 10-year high

UK retail sales experienced the highest annual growth in a decade as sales rose 6.9% in April 2014 year-on-year, according to figures from the Office for National Statistics.

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Consumer confidence continues to improve

Consumer confidence has reached a record high as the pressure on household wallets continues to ease, according to new research.

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Growth and interest rate rises forecast for 2015

The economy will grow 3% in 2014, up from a previous forecast of 2.6%, according to the Confederation of British Industry.

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Scottish oil and gas looks to international market

Scottish oil and gas firms are predicted to win contracts worth £100 million over the next 3 years after attending the world’s largest oil and gas conference in Houston, USA, according to Scottish Enterprise.

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Half a million jobs predicted over next year

Nearly half a million jobs could be created over the next year, according to research from the Institute of Chartered Accountants in England and Wales.

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Self-employment up despite lower earnings

The average self-employed worker earns 40% less than the average employee, according to a study by independent think tank Resolution Foundation.

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