Investment requires scalable Growth Capital
As we reach the final quarter of 2023, the words challenging, and uncertainty remain. UK businesses will be pondering if the UK is in a better place than this time last year. There have been some false dawns during 2023 and although we avoided a recession, growth has been stagnant and whilst inflation has fallen from double-digit levels a year ago to 6.8%, it’s proven stubborn in its descent and remains above the UK’s 2% target.
Figures expected in the next few weeks will provide more insight, but the latest GDP figures reveal the UK economy shrank by 0.5% in July, more than expected, but apparently the weather and strikes are to blame!
Rumours suggest increased fuel prices will push inflation up again, but it is predicted to continue its downward trajectory with near normal levels expected towards the end of 2024.
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