News Tag: CBI
March 8, 2010
The Confederation of British Industry (CBI) is calling on the Government to provide a 'credible' economic plan for balancing public finances by 2016 - two years earlier than planned.
The business group believes that Chancellor, Alistair Darling, should use his last Budget before the general election to give more details of spending plans for Whitehall departments, in a bid to provide ...
CBI calls for ‘credible’ economic plan
by Kay Murchie
March 1, 2010
A survey from the Confederation of British Industry (CBI) has provided some optimism for the UK economy but the business group warns of a drawn-out recovery.
According to the CBI, its survey found business volumes stabilising across the services sector over the last three months.
Meanwhile, the survey found that consumer services, which include hotels and travel, business was at ...
CBI survey shows optimism but warns of slow recovery
by Kay Murchie
February 26, 2010
The quarterly Confederation of British Industry (CBI) report has revealed shoppers returned the High Street in their droves in February after UK retailers reported their strongest growth in sales volumes for two years in early February.
The CBI also believes further growth will be experienced in March as consumers begin to loosen their purse strings.
According to the CBI’s latest Distributive Trades ...
High street spending recovers as shoppers return
by Kay Murchie
February 1, 2010
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity rose at its fastest rate in 15 years in January.
The figures will boost hopes that the economic recovery is gathering pace after last week’s disappointing fourth quarter GDP figures.
The PMI grew to 56.7 in January, up from a revised 54.6 the previous month. The ...
UK manufacturing activity grows at fastest rate for 15 years
by Kay Murchie
Small manufacturers benefit from weak pound
by Kay Murchie
January 27, 2010
The CBI has today reported a sharp fall in retail sales for the month of January due, in part, to the severe wintry weather and the rise in VAT which has hit consumer demand.
According to the lobby group's monthly survey (between January 4 and 15), more than a quarter (28%) of retailers said sales had risen in the ...
CBI reports sharp fall in January retail sales
by Kay Murchie
January 20, 2010
Business group the Confederation of British Industry (CBI) has warned of a “fragile” recovery this year but the group is predicting that the economy will have exited recession in the fourth quarter.
The economy, which has now contracted for six consecutive quarters, has been lagging behind other economies and is now the last major economy that is still in recession.
Official figures on ...
CBI raises concerns over acquisitions
by Kay Murchie
January 11, 2010
A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that firms remain cautious in their outlook.
According to Ian McCafferty, chief economic adviser at the CBI: “The bounce in UK financial services activity over the past six months is not expected to last as we enter 2010.
“Firms see their ...
Survey reveals pessimism in financial services sector
by Kay Murchie
December 22, 2009
The Office for National Statistics (ONS) has today revealed that the UK economy contracted by 0.2% in the July to September period - rather than the 0.3% previously reported and the 0.4% estimated in October.
Analysts had forecast a contraction of 0.1%.
On an annual basis, the UK economy has shrunk by 5.1% over the last year.
Today’s figures are the last ...
UK economic growth figures revised upwards
by Kay Murchie
December 21, 2009
Business group, the Confederation of British Industry (CBI), has warned of a “fragile” recovery next year.
However, the group is predicting that the economy will emerge from recession in the fourth quarter.
According to John Cridland, CBI deputy director general, growth will gradually pick up but the first few months of 2010 will be difficult.
"Consumer spending looks to be slightly more resilient ...
CBI warns of slow growth next year
by Kay Murchie
November 30, 2009
A survey by the Confederation of British Industry (CBI) has today revealed a poor performance among services companies in the July to September period.
The group said a net 13% balance of service firms said profits had increased annually for the quarter, less than the 19% expected.
Business services firms such as accountancy and law practices had expected sales to improve ...
UK service firms see weak performance in Q3
by Kay Murchie
November 26, 2009
The UK economy received a boost today after the Confederation of British Industry (CBI) said retail sales rose at their fastest pace in two years in November.
According to the CBI’s monthly distributive trades survey, retailers expect a further rise in December, boosting hopes of a busy Christmas shopping period on the High Street.
The CBI said its latest distributive trade survey ...
CBI survey brings hope for High Street
by Kay Murchie
November 23, 2009
Speaking today at the annual conference of the Confederation of British Industry (CBI), Prime Minister Gordon Brown told business leaders that in order to sustain economic recovery, financial stimulus measures will be kept in place for as long as necessary.
The PM warned that economic recovery would be put at risk if official support was withdrawn too early.
"Choking off ...
PM warns against early withdrawal of stimulus measures
by Kay Murchie
November 16, 2009
A survey by the Confederation of British Industry (CBI) and recruitment consultancy Harvey Nash, has discovered that more than half (55%) of British companies are proposing to freeze pay for the second consecutive year.
Furthermore, the survey found that just over one third are planning a modest increase, while just 4% were looking to increase pay by more than the ...
Half of UK employers proposing to freeze pay
by Kay Murchie
October 27, 2009
The Confederation of British Industry (CBI) has today reported a rise in retail sales with volumes rising at their fastest annual rate for almost two years in October.
The CBI’s distributive trades survey said the sales balance rose to +8 in October from +3 the previous month. Not only was it the highest level since December 2007, it also exceeded forecasts of ...
CBI reports rise in retail sales
by Kay Murchie
October 5, 2009
In its latest quarterly survey, the Confederation of British Industry (CBI) has reported signs of growth in the UK financial services sector, for the first time in two years.
The study, which is carried out in conjunction with PricewaterhouseCoopers, reveals that 32% of firms questioned saw business volumes rise in the three months to early September, while 24% ...
CBI reports signs of growth in UK financial services
by Gill Montia
September 23, 2009
The Confederation of British Industry (CBI) today said that the UK economy probably exited recession during the July to September period but warned that growth next year will be ‘fragile‘.
The business group is forecasting that GDP will expand by 0.3% in the third quarter, compared with the second quarter and will grow by 0.4% between October and December. ...
CBI: Recession ended Q3 but growth will be fragile
by Kay Murchie
August 24, 2009
The Confederation of British Industry (CBI) is urging the Government to deal with the growing levels of youth unemployment and is calling for £125 million of the Government's £500 million recruitment subsidy fund to be spent on creating 50,000 new apprenticeships.
The growing problem was highlighted last week by the Prince's Trust and the University of Sheffield, who ...
CBI calls for new apprenticeships to tackle youth unemployment
by Kay Murchie
July 6, 2009
In a bid to prevent rising job losses, the CBI is proposing an "alternative to redundancy" scheme.
The scheme would mean employees would remain at home for up to six months, with a view to being called back to work when economic conditions improve. Alternatively, if demand is still low, employees would then be offered redundancy.
Under the scheme, workers will receive ...
CBI proposes ‘Alternative to Redundancy’ scheme
by Kay Murchie
June 29, 2009
A quarterly survey from the CBI suggests that the UK’s beleaguered financial services sector is on a "gradual" road to recovery.
While the organisation warned of considerable job losses and cuts to investment, there are indications that the sector is emerging from the worst of the downturn.
The CBI also cautioned that the situation remains challenging for banks with growing debt ...
CBI survey suggests financial sector picking up
by Kay Murchie
