If you are a business owner, you don’t need us to tell you that the last few years have been tough. Banks and other lenders have made it harder to get finance, the economy has been in recession, and confidence has been drained from the economy.
At ASC Finance for Business, we always like to look at the positives. So, we were pleased to see some good news in the press last week – things are beginning to look better!
The International Monetary Fund said that the UK economy should be the fastest growing economy in the G7 in 2014, showing that our economic performance should be continuing to rise and outperform the global trends.
There was further positive economic news with UK manufacturing and industrial output growing by 1%, a key cornerstone of the UK economy!
And yes, whilst there are still risks facing the UK economy, it is good news for small businesses. If the economy can continue to grow, then hopefully it can help provide a big boost to small business owners up and down the country.