Opinion: Turning a corner or going round the bend?

Whether you're turning a corner or going round the bend all depends which side of the political fence you sit on, says Andy McLaughlin of Astute Wealth Management.

According to Chancellor, George Osborne, speaking today, “the UK economy is turning a corner”, though many people may agree with Ed Milliband’s view that “for ordinary families, life is getting worse”. However the evidence is starting to stack up to indicate an improving trend.

The Organisation for Economic Co-operation and Development (OECD) have revised their growth forecast from 0.8% to 1.5%, & GDP figures show growth of 0.7% in the second quarter of 2013 with some forecasters predicting that it may increase to 1% in Q3.

The British Chamber of Commerce have revised their growth forecast from 0.9% to 1.3% & UK exports are now at their highest level since 2007. They also report over 400,000 new businesses being started each year, perhaps the old catchphrase about “necessity being the mother of invention” has awakened the entrepreneurial spirit in people, & whilst around 20% of start-ups fail in the first year, many of the remainder will grow & flourish, with some becoming the success stories of the future.

So though it seems to be like turning round a super-tanker, economically things finally seem to be heading, albeit slowly, in the right direction. George Osborne will certainly be hoping that by the next election in May 2015, the feel-good factor will have returned to enough of the electorate to restore him to government.

Enjoyed this? Read more from Astute Wealth Management Ltd

Latest news

1

Hot 100-ranked rubber products manufacturer acquired by group PAR Group

Hot 100-ranked rubber products manufacturer acquired by group

20 May 2024

2

Victorian Plumbing acquires rival with similar name Farington Park Aerial View

Victorian Plumbing acquires rival with similar name

20 May 2024

3

Advice for landlords and developers when upgrading windows Beech Rock_Web-2 (1).jpg.jpg

Advice for landlords and developers when upgrading windows

20 May 2024

4

Becoming the supply chain for the world Miranda Barker Elcc

Becoming the supply chain for the world

20 May 2024

5

Rosebud backs growing recruitment and training agency HBM Learning

Rosebud backs growing recruitment and training agency

20 May 2024

Lbv116 Ltb Strip980
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
21 May 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
21 May 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Lancaster - Eden Business Network
EVENT LISTING Eden Business Network.png.png
LBV Hub Networking
22 May 2024

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
22 May 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Your Business Bootcamp
CBP-logo LBV.png.png
LBV Hub Networking
22 May 2024

Your Business Bootcamp

Burnley Football Club, Turf Moor, 52-56 Harry Potts Way, Burnley, BB10 4BX

08:30 - 13:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
22 May 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
23 May 2024 - 23 May 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Creative Lancashire Networking Social
Untitled design-4.png.png
LBV Hub Networking
23 May 2024

Creative Lancashire Networking Social

Society1 Coworking Space, Preston, PR1 3LT

17:30 - 19:30

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
23 May 2024 - 23 May 2024

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
23 May 2024 - 23 May 2024

Chamber Breakfast Networking

HIC, Lancaster University, Bailrigg, Lancaster, LA1 4AT

08:00 - 10:00

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
24 May 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
24 May 2024

Business Networking in Preston - BNI Brunch

Samlesbury Hotel, Preston, PR5 0UL

09:30 - 11:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin