2014 ‘year for growth’

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The vast majority of UK business leaders are expecting 2014 to experience stronger GDP growth than that seen in 2013.

According to the Institute of Directors (IoD) which surveyed its members on the issue, nine in ten believed the next 12 months would represent a much more positive period for businesses.

Almost three-quarters (74 per cent) predicted higher revenues over the course of the next year and 58 per cent said that they expected to see greater profitability. The results also reflected a positive outlook for the jobs market, with 41 per cent saying that higher employment within their organisations was a real possibility.

The confidence among IoD members has grown steadily throughout 2013, with 48 per cent feeling optimistic in the first quarter of the year, compared with 63 per cent in quarter four.

James Sproule, the organisation’s chief economist, said the next step was now to convert that positive feeling into firms putting their money where their mouths are and investing.

Posted by the Secret Businessman