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Optimism Amongst UK Businesses Scuppered by Economic Turbulence?

Optimism Amongst UK Businesses Scuppered by Economic Turbulence?

Despite fresh concerns over the state of the world economy, a survey by recruitment consultants Harvey Nash and the Confederation of British Industry has revealed that over a quarter of British Businesses intend to increase the number of staff in their employment during 2010.

Conducted during February and March 2010, the 666 strong survey showed a 5% improvement on the number of businesses continuing to impose a recruitment freeze in the last 12 months, good news for those seeking to enter the jobs market and also positive for providers of serviced office space who have already seen an increase (+3%) in workstation requirements during the opening months of 2010.

For those providing serviced office space in the UK, the prospect of firms continuing to increase workstation requirements as they take on new employees will be welcomed, having seen workstation numbers throughout the UKΓÇÖs serviced offices industry fall by an average of 26% during 2009.

If the ability for businesses to continue moving forward in this way can be maintained then it would be another sign of the economic recovery gathering pace ΓÇô assuming the increasingly fragile world economy does not deliver a shock to the system.

Quoted on the Reuters website, Chief Executive of Harvey Nash Albert Ellis explained what he thought the results of this survey revealed:

“We are seeing the first indications in the market that businesses are gearing up for a return to growth and this trend is most concentrated in the technology, financial services sectors and some areas of manufacturing. Although the recovery is fragile, there is a sense that the UK economy as a whole has turned a corner,”

But with todayΓÇÖs business pages filled with reports of the Eurozone crisis and yet more austerity measures being introduced, it is yet to be seen as to whether this optimistic outlook will come to fruition as turbulence returns after seemingly becoming settled in the final quarter of 2009.

Author: | May 26, 2010 | 0 Comments

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