The UK economy is forecast to outstrip its G7 peers in the second quarter of this year, says the Organisation for Economic Co-operation and Development.
The OECD predicted the UK would grow at an annualised rate of 3.1% in the second quarter of 2010.
Such a rate would put the UK ahead of the US, Japan, Germany, France and Italy - but not Canada.
The British Chambers of Commerce also said the UK had avoided a double-dip recession in the first quarter of 2010.
However, the BCC warned that the UK's recovery was weak and there remained a risks of setbacks in the future.
Thursday, 8 April 2010
Wednesday, 7 April 2010
Permanent hires rise in March
The number of permanent hires rose again in March, growing at their fastest pace since October 1997, according to the latest Recruitment and Employment Confederation (REC) and KPMG’s Report on Jobs.
The data shows thatshort-term staff appointments rose at their strongest rate for 34 months in March
Kevin Green, chief executive of the REC, says:“Permanent appointments increasing at the fastest pace for over 12 years is the clearest sign yet of a revival in the UK jobs market. A rise in both temporary and contract work at the sharpest rate for nearly three years shows how they continue to provide vital flexibility for UK businesses, as well as a valuable route back into work for jobseekers.”
Tuesday, 30 March 2010
Funds of £12m pledged to West Midlands manufacturing
Funds of £12m pledged to West Midlands manufacturing
Manufacturing in the West Midlands is to receive a £12m boost.
Advantage West Midlands and the European Regional Development Fund have pledged the funds, according to the Manufacturing Advisory Service.
There are plans to use the cash over two years to support 3,000 small and medium-sized firms employing up to 250 workers.
The service said the money "has to be focussed very carefully" but "can have some quite considerable effects".
The advisory service covers the West Midlands, Coventry and Warwickshire, Staffordshire, Shropshire, Herefordshire and Worcestershire.
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