Tag: CBI

CBI outlines plans to re-balance economy

CBI outlines plans to re-balance economy

In its New Year report the CBI has called on UK businesses to increase their export activity to help the UK re-balance its economy. The CBI believes that this could boost the UK’s economy by £20 billion over the next eight years. The organisation is also calling on the private sector to invest £140 billion [...]

CBI urges Government to boost housing market

CBI urges Government to boost housing market

The Confederation of British Industry (CBI) is calling on the Government to launch new initiatives to boost the ailing housing market, suggesting it could help economic growth. The business lobby group wants Chancellor George Osborne to launch the fresh initiatives in his autumn statement, which will be delivered later this year. In a speech to [...]

CBI: Retail sales weaken in September

CBI: Retail sales weaken in September

According to the latest Confederation of British Industry (CBI) distributive trades survey, the volume of sales on the UK High Street were lower this month versus a year ago. The figures suggest continue to be cautious about the economic outlook and rein in their spending on the back of rising unemployment, higher inflation and slow [...]

Retail outlook gloomy as sales fall

Retail outlook gloomy as sales fall

UK retail sales volumes fell in August, at the fastest pace for over a year, the Confederation of British Industry (CBI) reports. In a new quarterly survey, 46% of retailers said they had experienced falling sales in the two weeks to mid-August (compared with a year earlier) and the level of negativity registered over prospects [...]

CBI revises UK growth prospects

CBI revises UK growth prospects

The Confederation of British Industry (CBI) has today revised its growth prospects for the UK Economy. The employer’s group is now forecasting growth of 1.3% this year, down from its May forecast of 1.7%. Meanwhile, it is still expecting growth of 2.2% in 2012 – unchanged from its previous forecast. The CBI has also suggested [...]

Survey reveals financial sector grew in Q2

Survey reveals financial sector grew in Q2

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed business volumes grew in the three months to the end of June, albeit at a slower rate. Companies were asked how their business volumes fared in the second quarter with almost half saying volumes [...]

Vince Cable talks of tougher laws for strike action

Vince Cable talks of tougher laws for strike action

Business Secretary Vince Cable is to address delegates at the annual conference of the GMB union today and is expected to warn them that co-ordinated strike action may lead to tighter union laws. The warning comes after union leaders said strike action could take place at the end of this month as 750,000 teachers, civil [...]

CBI: UK service sector firms show cautious optimism

CBI: UK service sector firms show cautious optimism

A survey by the CBI has revealed consumer service firms have been hit by a cut back on spending. According to the CBI, firms such as hotels, bars and restaurants, saw evidence of weak demand but are optimistic about future prospects as conditions are not expected to be as challenging in the coming quarter. Meanwhile, [...]

CBI: Retail sales growth eases in May

CBI: Retail sales growth eases in May

According to the latest Confederation of British Industry (CBI) distributive trades survey, retailers continue to be cautious about the economic outlook despite a rise in retail sales in May. The CBI’s survey established that the sales balance fell to +18 this month from +21 in April – easily beating analysts’ expectation of a reading of [...]

Small UK manufacturers swamped with orders

Small UK manufacturers swamped with orders

The UK’s small and medium-sized manufacturers have seen the volume of orders at home and abroad grow at the fastest rate in 16 years, according to the latest Confederation of British Industry (CBI) SME Trends Survey. Headcount increased for the third consecutive quarter as firms tried to keep up with demand, and output is expected [...]

High Street sales remain sluggish

High Street sales remain sluggish

High Street sales remain sluggish, rising slightly in April compared with a year ago, but disappointing retailers’ expectations. According to the latest Distributive Trades Survey from the Confederation of British Industry (CBI), only 12% of retailers reported “good” sales last month, while 35% said they were “poor”. However, many retailing sub-sectors saw a modest improvement [...]

Survey reveals financial services sector grew in Q1

Survey reveals financial services sector grew in Q1

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that business volumes grew in the three months to the end of March. The financial services sector, which represents around 8% of GDP, has been badly affected by the credit crunch and debt crises [...]

CBI: Factory index picks up speed

CBI: Factory index picks up speed

The Confederation of British Industry’s (CBI) industrial trends survey today revealed factory orders growth picked up pace in March. The survey’s total order book balance accelerated in March to +5 from February‘s -8, easily beating expectations of a reading of -6. The reading represented the highest since March 2008, according to the lobby group. Furthermore, [...]

CBI calls for economic growth focus

CBI calls for economic growth focus

The Confederation of British Industry (CBI) is urging Chancellor George Osborne to provide a “relentless focus” on economic growth and job creation when he presents his annual budget later this month. In a letter to the Chancellor, the business lobby group said action must be taken in order to boost the economic recovery. Over recent [...]

Consumer spending fears hits retailers

Consumer spending fears hits retailers

According to the latest Confederation of British Industry (CBI) distributive trades survey, retailers are concerned about consumers tightening their purse strings amid rising inflation. The CBI’s survey established that the sales balance fell to +6 this month from +37 in January - far below expectations of a +30 reading. Furthermore, retailers expect sales growth to [...]

CBI expects unemployment and inflation to rise

CBI expects unemployment and inflation to rise

The Confederation of British Industry (CBI), has today warned of a grim outlook for the UK economy. The business lobby group said inflation will remain stubbornly high and economic growth will be sluggish. It is forecasting a further rise in unemployment, with the jobless rate rising to 8.4% this year, from 7.9% at the end [...]

CBI opposed to bank break-up

CBI opposed to bank break-up

Employers’ group, the Confederation of British Industry (CBI), has today warned about the implications of breaking up the country’s banks. Its warning comes as the Independent Commission on Banking (ICB) continues to look into the possibility of splitting up the big banks - a move which could increase competition and choice among high street banks. [...]

CBI revises UK economic growth forecast

CBI revises UK economic growth forecast

Employers’ group, the Confederation of British Industry (CBI), has today revised down its economic growth forecast for the UK. The group said stubbornly high inflation and public sector job cuts will slow the economic recovery with growth falling to just 0.2% in the first quarter of 2011. However, it does not expect the UK fall [...]

British factory orders see strong demand

British factory orders see strong demand

The Confederation of British Industry’s (CBI) December industrial trends survey today revealed further good news for the sector after overseas demand surged to a 15-year high. The pound gained following the news which revealed firms experiencing above normal demand from overseas was 4% - a significant improvement on the previous month’s -7% and the highest [...]

CBI reveals retailers fears for 2011

CBI reveals retailers fears for 2011

According to the latest Confederation of British Industry (CBI) distributive trades survey, retailers are optimistic about the Christmas period but have expressed their concerns for 2011. Many retailers share the same fear for next year as Government spending cuts kick in and the VAT rise takes effect on 1 January. The CBI’s survey established that [...]