click to view mobile Navigation
You are here > CBI Reports Economy Set for 'Steady Pick-up'

CBI Reports Economy Set for 'Steady Pick-up'

The Confederation of British Industry(CBI) is cautiously optimistic in predicting a slow but steady ‘pick up’ in recovery for the UK economy in the remainder of 2012.
Despite the ‘double dip’, the lobby group which represents 240.000 UK companies insisted that optimism among businesses had been increasing and manufacturing demand had held up, pointing towards increased momentum in the second half of the year.

A recent survey from the Recruitment and Employment Confederation also found that employer confidence in terms of hiring intentions grew throughout the first quarter of 2012. Confidence has now reached its highest level since the survey began in 2009. Employers intend to hire more staff in both the short and long tern, with a particular emphasis on more permanent workers. 72% of employers plan to increase the number of permanent employees over the next quarter with 70% expecting to increase permanent hires over the coming 12 months.

John Cridland CBI Director General said “We have always said the path back to sustainable economic growth will be a long and difficult one with many bumps along the way. To re balance our economy towards exports and investment will take time and patience” he added; “Optimism among businesses has been increasing since the turn of the year with manufacturing demand holding up and that is beginning to translate into more jobs and investment.”
Locally, Mike Ashton, Chief Exec of the Herefordshire and Worcestershire Chamber of Commerce commented recently “Despite our prediction of slow growth, there is no need for doom and gloom. The UK economy has potential to recover and thrive. Our economic prospects will improve, but not overnight” he continued, “ A strong recovery relies on creating the right conditions for growth. Companies need the best possible environment to generate wealth and create jobs.”

Taking an overview of opinion, it is thought that this current dip will be mild and short …..let’s hope they are right!

< Go Back


Hewett's Support Worcester Full & Half Marathon 2018
We are pleased to announce that Hewett Recruitment will be supporting St Richards Hospice and sponsoring the Worcester Full and Half Marathon 2018 as it enters its seventh year.
04/01/2018 10:38:41

HR Professionals Conference 2017 - Huge Success
With over 100 delegates, this years' HR Conference hosted by Hewett Recruitment and the HW Chamber of Commerce is now the largest HR Conference in Worcestershire.
27/11/2017 16:55:25

Hewett’s once again pledge their support to local Foodbanks
Hewett Recruitment have once again pledged their full support this Christmas with a Foodbank collection initiative aimed at helping the local communities of Worcestershire who have fallen on hard times.
18/10/2017 10:55:56

Hope & Glory Dinner - 29th November 2017
Spectacular Black-Tie 'Proms' Celebration in Bewdley... Flag waving and singing to a 20-piece orchestra - three course dinner
22/09/2017 12:20:40

Hewett’s ‘values’ recognised at staff awards
Hewett’s Annual Family Fun Day and Company Awards took place at the West Midlands Safari Park in July.
31/07/2017 15:50:48


Louises Column - Salary & Skills Survey
Last month Hewett Recruitment partnered with the Herefordshire & Worcestershire Chamber of Commerce to publish the Salary & Skills Survey 2017.
18/01/2018 10:22:48

Christmas Legal E-Bulletin - Preparing Your Business for 2018
In the last Employment Law E-Bulletin of 2017, learn how to prepare your business for the new year ahead and the recent employment law developments that should be considered.
18/12/2017 12:50:33

Louises Column - The Warriors Community Foundation
Many of us in business engage and support local causes, to help raise awareness and generate much needed funds for charities and local groups to continue their good work. I'd like to highlight and encourage you to get involved with the great work going on at an exceptional and award winning foundation, The Warriors Community Foundation.
07/12/2017 13:57:01

Legal E-Bulletin - Reimbursement Scheme for Employment Tribunal Fees Announced
Sally Morris, Partner and Head of Employment for mfg Solicitors shares recent declaration about unlawful Employment Tribunal fees and the reimbursement that eligible applicants may be entitled to.
04/12/2017 13:22:02

Louises Column - The Importance of Flexible Working
What to do as a job is the most important life decision that most people will ever have to make. This outranks other life-defining decisions such as where to live, starting a family, or getting married according to a recent survey.
15/11/2017 11:13:09