Economy ‘missed double’ dip recession’

The UK’s economic recovery is continuing as it misses a double-dip recession and its upturn remains on course, it has been revealed.

However, according to a survey from the British Chamber of Commerce (BCC), this recovery remains in a weak state and there is still a risk of serious set backs to this growth.

Despite being weak when compared to pre-recession levels, confidence is positive among UK businesses and organisations, which the BBC claims confirms businesses are resilient as they recover.

David Frost, director general of the group, said: “Confidence is building and the government must nurture this with well-thought out policies that support business growth and job creation.”

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He went on to call for a three-year “moratorium” on any new employment legislation, as businesses prepare for new laws and taxes over the next four years.

Elsewhere, the Recruitment and Employment Confederation and KPMG has revealed that March demonstrated the strongest growth of permanent placements since October 2007.

Posted by Ross George