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FSB reacts to GDP growth of 0.7% PDF Print E-mail
Tuesday, 28 July 2015

Commenting on today’s announcement that UK GDP grew by 0.7% in the second quarter of 2015, John Allan, National Chairman of the Federation of Small Businesses (FSB), said:

“Britain’s economic output per person is now broadly equal to the 2008 peak before the economic crisis hit.  This, along with the headline that GDP remains positive will be welcome news for many small businesses. This is the tenth straight quarter of economic expansion. These consistent growth levels are reflected in recent FSB research showing that our members are optimistic and plan to invest in their business and take on new staff.

“The Bank of England has signalled that it could raise interest rates at the turn of the year. When the time does come to raise rates, we urge the Bank to do so gradually to allow businesses to absorb costs and plan ahead.”

(Source - FSB Comment)  

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