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.