British Economy Shows Signs of Growth

The latest financial figures show that the British Economy is exhibiting signs of overall growth. The figures reported for the second quarter of 2013 show growth of 0.7% in the UK.  This is driven by rising property prices, increased spending in the retail sector, and a rise in car sales. UK house prices have risen to a seven year high. UK unemployment fell unexpectedly to 7.7% between May and July, down from 7.8% in the previous three months. This fall is edging closer to Mark Carney’s target of 7% before he can justify a rise in interest rates.

The positive growth has had a noticeable effect on the recruitment market. After a relatively quiet summer, demand for contractors in IT and Finance has risen considerably in September. If you are looking to set up as a Limited Company Contractor, now is a good time to test the market.