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Top related persons:
Alpesh Paleja - 1 It's - 1 Paleja - 1 Andy Bruce - 1 David Milliken - 1
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of British Industry - 1 CBI - 1 Organisation for Economic Co - 1 Development - 1 International Monetary Fund - 1 Britain - 1 Bank of England - 1 Thomson - 1

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3 mentions found


☆ UK set to dodge recession, but big problems remain: CBI
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +1 min
LONDON, June 12 (Reuters) - Britain's economy now looks likely to sidestep recession entirely this year but deep-rooted problems like weak business investment will persist, the Confederation of British Industry trade body said on Monday. Falling energy prices, the reopening of China's economy from COVID-19 restrictions and easing supply chain disruptions were the main reasons for the upgrade, the CBI said. "It's also concerning that the UK is underperforming on many of the areas crucial to our long-term prosperity, such as business investment and trade intensity," he said. The CBI does not expect business investment - a weak spot for Britain's economy since the Brexit vote of 2016 - to return to its pre-pandemic level before the end of next year. "Making our business environment more attractive to firms at home and abroad must be front of mind in the months ahead," Paleja said.
Persons: Alpesh Paleja, It's, Paleja, Andy Bruce, David Milliken Organizations: of British Industry, CBI, Organisation for Economic Co, Development, International Monetary Fund, Britain, Bank of England, Thomson Locations: COVID
☆ CBI says UK recession could turn into a 'lost decade' of growth
  + stars: | 2022-12-05 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +3 min
London CNN Business —The United Kingdom faces a “lost decade” of growth if action isn’t taken to address slumping business investment and worker shortages, a leading business lobby group has warned. “Britain is in stagflation — with rocketing inflation, negative growth, falling productivity and business investment. The CBI expects the UK economy to shrink by 0.4% in 2023 — a significant downgrade from the growth of 1% it predicted in June. The group expects business investment to fall from the middle of next year, leaving it 9% below its pre-pandemic level at the end of 2024. “We cannot afford to have another decade where both [investment and productivity] are stagnant,” Danker said.
☆ UK companies see tough conditions enduring in months ahead: CBI
  + stars: | 2022-10-29 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 30 (Reuters) - British businesses think the gloom hanging over their prospects will persist in the coming months, according to an industry survey published on Sunday. The Confederation of British Industry's (CBI) gauge of private sector growth in the three months to October rose to -15 from -19 in the three months to September, still in contraction territory. "Notwithstanding a mixed picture across sectors, the private sector continues to face considerable headwinds," said Alpesh Paleja, CBI lead economist. "Amid rising costs, labour shortages and demand waning, businesses foresee a continued fall in activity over the next three months." The CBI survey was based on responses from 624 companies, surveyed between Sept. 26 and Oct. 13.
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