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UK business has a reassuring boost

UK business has seen a reassuring boost in the UK economy and will have a firmer stand from mid 2012.

According to latest trends by accountancy and business advisory firm BDO LLP the UK is likely to dip into a "technical" recession due to reduction in Q4 2011. The UK saw a major recession in 2008/09 and it looked like the UK might again, but now recent trends show only a "technical" recession is on the cards.

December 2011 to January 2012 saw the largest monthly growth since February 2011 growing by 2.6 to 94.1 closing in on the essential 95.0, which represents growth. It is looking more and more likely by mid 2012 the UK could begin to recover.

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Posted on 16th February 2012 at 4:38 PM

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