Construction sector returns to growth
It has been revealed that the UK construction sector returned to growth in March 2010 with the construction purchasing managers index moving over 50 for the first time since February 2008. This return to growth comes at a perfect time for Gordon Brown who has just called the election and will be using every economic indicator in the book to show that his strategy of investment in the UK has seen the UK economy through the worst recession since the 1930s.
The construction sector is a vital element of the UK economy and one of the largest employment sectors in the country. There is growing confidence in the sector and the UK economy with a number of new projects coming online, something which could quell the fears of those concerned about a double dip recession. Even though it is very dangerous to take one months figures in isolation the very fact that new projects have come online is a massive boost for not only the sector but the UK government.
During the recent past there were concerns that Gordon Brown had waited too long to call the election but if the major economic indicators continue to show improvement in the UK then he may well have picked the perfect time to go to the polls.
Share this..
Related stories
Pay rise for apprentices planned
06/10/2014 Vince Cable will today announce plans to raise the apprentice minimum wage by £1.06. The Lib Dem Business Secretary is due to announce the rise at the Liberal Democrats annual conference in Glasgow later, and the move is known to be backed by the Conservatives. If cleared by regulators, it could come into effect by October this year. According to the government’s website, appren...
Read MoreLast-ditch talks to avert Easter rail stoppage
It has been revealed that rail network chiefs will sit down with the RMT union to try and avert a planned Easter strike which would bring the UK to a standstill. This is the latest in a number of controversial strike actions which are growing in regularity as businesses and the unions square up to each other, with the UK government unwilling or unable to intervene in many cases. It seems that t...
Read MoreEmerging economies 'catching US'
The economies of emerging nations are gaining ground on the US in terms of competitiveness, a new report has stated.Today's annual study from business thinktank IMD says the world economy has "never been as dynamic", with none of the 55 economies in its World Competitiveness Yearbook in recession.But the Lausanne-based organisation warns that the growth in developing economies could force the US a...
Read MoreAre we set to see a future brain drain from the UK?
The introduction of the new 45% income tax band which will come into force in 2011 has put many of the higher earners in the UK on red alert. A number of reports of late have highlighted the fact that when you take into account VAT, income tax, national insurance and other unavoidable taxes in the UK the top earners in the UK are paying tax in the region of 60% on their earnings.
T...
Bank of England voted 7 to 1 in favour of unchanged base rate
The minutes from the June MPC meeting have indicated a small shift in the former unanimous vote to maintain UK base rates at 0.5%. It was revealed that Andrew Sentance voted in favour of increasing rates to 0.75% as a means of offsetting the potential risk of inflation which he believes will not fall into the Bank of England's target range in the short-term. However, there was a unanimous vote to...
Read More